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TIC posts net income of $1.45 million in H1 2014

2014-08-17

According to Al-Takaful Palestinian Insurance Company TIC’s data for the first six months of the year, net profit after taxes reached 1,446,376 USD, compared with a net profit after taxes of 453,833 USD from the first six months of 2013, a net increase of 218.7%. Total assets of the company reached 27,034,114 USD as of June 30^th, 2014, compared to total assets of 23,997,002 USD as of December 31^st, 2013, a net increase of 12.7%. Total liabilities of the company reached 17,151,679 USD as of June 30^th, 2014, compared to total liabilities of 13,553,443 USD as of December 31^st, 2013, a net increase of 26.5%. Net ownership equity of the company reached 9,882,435 USD as of June 30^th, 2014, compared with a net ownership equity of 10,443,559 USD as of December 31^st, 2013, a net decrease of 5.4% in the last six months.