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MIC achieves net income of $0.15 million in 9M 2013

2013-11-03

According to Al-Mashriq Insurance Company ( MIC)’s data for the first nine months of the year, net profit after taxes reached 154,896 USD, compared with a net profit after taxes of 102,392 USD from the first nine months of 2012, a net increase of 51.3%.  Total assets of the company reached 17,142,454 USD as of September 30th, 2013, compared to total assets of 14,997,100 USD as of December 31st, 2012, a net increase of 14.3%. Total liabilities of the company reached 16,594,228 USD as of September 30th, 2013, compared to total liabilities of 14,674,977 USD as of December 31st, 2012, a net increase of 13.1%. Net ownership equity of the company reached 548,226 USD as of September 30th, 2013, compared with a net ownership equity of 322,123 USD as of December 31st, 2012, a net increase of 70.2% in the first nine months.

 


 

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