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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 31^st, 2013, compared to total assets of 19,276,704 USD as of December 31^st, 2012, a net increase of 7.3%. Total liabilities of the company reached 11,923,519 USD as of March 31^st, 2013, compared to total liabilities of 10,136,307 USD as of December 31^st, 2012, a net increase of 17.6%. Net ownership equity of the company reached 8,764,800 USD as of March 31^st, 2013, compared with a net ownership equity of 9,140,397 USD as of December 31^st, 2012, a net decrease of 4.1% in the first three months.