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TNB posts net income of $2.23 million in H1 2014

2014-08-12

According to The National Bank Company TNB’s data for the first six months of the year, net profit after taxes reached 2,228,918 USD, compared with a net profit after taxes of 1,445,622 USD from the first six months of 2013, a net increase of 54.2%. Total assets of the company reached 657,967,204 USD as of June 30^th, 2014, compared to total assets of 529,598,977 USD as of December 31^st, 2013, a net increase of 24.2%. Total liabilities of the company reached 601,241,537 USD as of June 30^th, 2014, compared to total liabilities of 474,632,959 USD as of December 31^st, 2013, a net increase of 26.7%. Net ownership equity of the company reached 56,725,667 USD as of June 30^th, 2014, compared with a net ownership equity of 54,966,018 USD as of December 31^st, 2013, a net increase of 3.2% in the last six months. Furthermore, paid-in capital increased from 49,881,953 USD on December 31^st, 2013 to 49,891,421 USD by June 30^th, 2014, an increase of 0.02%.