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MIC posts net income of $0.15 million in 2013

2014-02-17

According to Al-Mashriq Insurance Company ( MIC) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 148,184 USD, compared with a net loss of (847,674) USD in the audited data for 2012. Total assets of the company reached 18,653,285 USD as of December 31st, 2013, compared to total assets of 14,997,100 USD as of December 31st, 2012, a net increase of 24.4%. Total liabilities of the company reached 17,673,309 USD as of December 31st, 2013, compared to total liabilities of 14,674,977 USD as of December 31st, 2012, a net increase of 20.4%. Net ownership equity of the company reached 979,976 USD as of December 31st, 2013, compared with a net ownership equity of 322,123 USD as of December 31st, 2012, a net increase of 204.2%.

 


 

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