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NIC records $1.31 million net income in Q1 2014

2014-04-22

According to National Insurance Company ( NIC) data for the first three months of the year, net profit after taxes reached 1,306,274 USD, compared with a net profit after taxes of 1,746,380 USD from the first three months of 2013, a net decrease of 25.2%. Total assets of the company reached 82,235,678 USD as of March 31st, 2014, compared to total assets of 79,271,711 USD as of December 31st, 2013, a net increase of 3.7%. Total liabilities of the company reached 54,786,843 USD as of March 31st, 2014, compared to total liabilities of 50,613,881 USD as of December 31st, 2013, a net increase of 8.2%. Net ownership equity of the company reached 27,448,835 USD (including 1,634,941 USD in Non-controlling interest) as of March 31st, 2014, compared with a net ownership equity of 28,657,830 USD (including 1,632,167 USD in Non-controlling interest) as of December 31st, 2013, a net decrease of 4.2% in the first three months.

 


 

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