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GUI posts net income of $0.33 million in Q1 2014

2014-05-04

According to Global United Insurance Company GUI data for the first three months of the year, net profit after taxes reached 334,901 USD, compared with a net profit after taxes of 809,576 USD from the first three months of 2013, a net decrease of 58.6%. Total assets of the company reached 37,932,163 USD as of March 31^st, 2014, compared to total assets of 37,665,694 USD as of December 31^st, 2013, a net increase of 0.7%. Total liabilities of the company reached 27,822,426 USD as of March 31^st, 2014, compared to total liabilities of 27,666,723 USD as of December 31^st, 2013, a net increase of 0.6%. Net ownership equity of the company reached 10,109,737 USD (including 84,088 USD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 9,998,971 USD (including 84,873 USD in Non-controlling interest)  as of December 31^st, 2013, a net increase of 1.1% in the first three months.