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TIC posts net income of $0.48 million in Q1 2014

2014-04-30

According to Al-Takaful Palestinian Insurance Company TIC data for the first three months of the year, net profit after taxes reached 487,131 USD, compared with a net loss of (304,813) USD from the first three months of 2013. Total assets of the company reached 25,267,276 USD as of March 31st, 2014, compared to total assets of 23,997,002 USD as of December 31st, 2013, a net increase of 5.3%. Total liabilities of the company reached 15,477,004 USD as of March 31st, 2014, compared to total liabilities of 13,553,443 USD as of December 31st, 2013, a net increase of 14.2%. Net ownership equity of the company reached 9,790,272 USD as of March 31st, 2014, compared with a net ownership equity of 10,443,559 USD as of December 31st, 2013, a net decrease of 6.3% in the first three months.

 


 

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