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GUI records net income of $1.25 million in 2013

2014-02-12

According to Global United Insurance data for year-end preliminary financial statements for year 2013, net profit after taxes reached 1,254,659 USD, compared with a net profit after taxes of 2,433,201 USD in the audited data for 2012, a net decrease of 48.4%. Total assets of the company reached 37,665,694 USD as of December 31^st, 2013, compared to total assets of 29,788,304 USD as of December 31^st, 2012, a net increase of 26.4%. Total liabilities of the company reached 27,232,693 USD as of December 31^st, 2013, compared to total liabilities of 20,997,531 USD as of December 31^st, 2012, a net increase of 29.7%. Net ownership equity of the company reached 10,433,001 USD (including 84,873 USD in Non-controlling interest) as of December 31^st, 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 18.7%. Furthermore, paid-in capital increased from 5,500,000 USD  on December 31^st, 2012 to 6,187,500 USD  by December 31^st, 2013, an increase of 12.5%.