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NIC records net income of $5.59 million in 2013

2014-02-04

According to The National Insurance Company ( NIC) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 5,586,640 USD, compared with a net profit after taxes of 4,756,330 USD in the audited data for 2012, a net increase of 17.5%. Total assets of the company reached 79,271,711 USD as of December 31^st, 2013, compared to total assets of 73,432,305 USD as of December 31^st, 2012, a net increase of 8.0%. Total liabilities of the company reached 50,613,881 USD as of December 31^st, 2013, compared to total liabilities of 48,498,357 USD as of December 31^st, 2012, a net increase of 4.4%. Net ownership equity of the company reached 28,657,830 USD (including 1,632,167 USD in Non-controlling interest) as of December 31^st, 2013, compared with a net ownership equity of 24,933,948 USD (including 1,402,952 USD in Non-controlling interest) as of December 31^st, 2012, a net increase of 14.9%.