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Al-Takaful Palestinian Insurance Company realizes loss of $0.30 million in Q1 2013

2013-05-01

According to Al-Takaful Palestinian Insurance Company ( TIC)’s data for the first three months of the year, net loss reached (304,813) USD, compared with a net profit before tax of 652,224 USD from the first three months of 2012. Total assets of the company reached 20,688,319 USD as of March 31st, 2013, compared to total assets of 19,276,704 USD as of December 31st, 2012, a net increase of 7.3%. Total liabilities of the company reached 11,923,519 USD as of March 31st, 2013, compared to total liabilities of 10,136,307 USD as of December 31st, 2012, a net increase of 17.6%. Net ownership equity of the company reached 8,764,800 USD as of March 31st, 2013, compared with a net ownership equity of 9,140,397 USD as of December 31st, 2012, a net decrease of 4.1% in the first three months.

 


 

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