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Global United Insurance earns net income of $0.93 million in H1 2013

2013-08-14

According to company data for the first six months of the year, net profit after taxes reached 933,106 USD, compared with a net profit after taxes of 811,595 USD from the first six months of 2012, a net increase of 15.0%. Total assets of the company reached 37,269,395 USD as of June 30^th, 2013, compared to total assets of 29,788,304 USD as of December 31^st, 2012, a net increase of 25.1%. Total liabilities of the company reached 27,957,690 USD as of June 30^th, 2013, compared to total liabilities of 20,997,531 USD as of December 31^st, 2012, a net increase of 33.1%. Net ownership equity of the company reached 9,311,705 USD (including 80,326 USD in Non-controlling interest) as of June 30^th, 2013, compared with a net ownership equity of 8,790,773 USD (including 80,000 USD in Non-controlling interest) as of December 31^st, 2012, a net increase of 5.9% in the last six months. Furthermore, paid-in capital increased from 5,500,000 USD on December 31^st, 2012 to 6,187,500 USD by June 30^th, 2013, an increase of 12.5%.