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GUI posts net income of $0.50 million in H1 2014

2014-08-17

According to Global United Insurance Company GUI’s data for the first six months of the year, net profit after taxes reached 502,450 USD, compared with a net profit after taxes of 933,432 USD from the first six months of 2013, a net decrease of 46.2%. Total assets of the company reached 39,969,932 USD as of June 30^th, 2014, compared to total assets of 37,665,694 USD as of December 31^st, 2013, a net increase of 6.1%. Total liabilities of the company reached 28,792,756 USD as of June 30^th, 2014, compared to total liabilities of 27,666,723 USD as of December 31^st, 2013, a net increase of 4.1%. Net ownership equity of the company reached 11,177,176 USD (including 83,434 USD in Non-controlling interest) as of June 30^th, 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 11.8% in the last six months. Furthermore, paid-in capital increased from 6,187,500 USD on December 31^st, 2013 to 8,000,000 USD by June 30^th, 2014, an increase of 29.3%.