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NIC records net income of $1.34 million in 9M 2014

2014-10-28

According to the National Insurance Company NIC’s condensed data for the first nine months of the year, net profit after taxes reached 1,341,453 USD, compared with a net profit after taxes of 3,479,744 USD from the first nine months of 2013, a net decrease of 61.4%. Total assets of the company reached 78,100,886 USD as of September 30^th, 2014, compared to total assets of 79,639,849 USD as of December 31^st, 2013, a net decrease of 1.9%. Total liabilities of the company reached 50,714,815 USD as of September 30^th, 2014, compared to total liabilities of 50,982,019 USD as of December 31^st, 2013, a net decrease of 0.5%. Net ownership equity of the company reached 27,386,071 USD (including 1,676,290 USD Non-controlling interest) as of September 30^th, 2014, compared with a net ownership equity of 28,657,830 USD (including 1,632,167 USD Non-controlling interest) as of December 31^st, 2013, a net decrease of 4.4% in the first nine months.