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GUI reports net income of $0.41 million in 9M 2014

2014-11-03

According to Global United Insurance Company GUI’s  consolidated data for the first nine months of the year, net profit after taxes reached 414,104 USD, compared with a net profit after taxes of 1,010,097 USD from the first nine months of 2013, a net decrease of 59.0%. Total assets of the company reached 40,569,349 USD as of September 30^th, 2014, compared to total assets of 37,665,694 USD as of December 31^st, 2013, a net increase of 7.7%. Total liabilities of the company reached 29,486,478 USD as of September 30^th, 2014, compared to total liabilities of 27,666,723 USD as of December 31^st, 2013, a net increase of 6.6%. Net ownership equity of the company reached 11,082,871 USD (including 111,653 USD in Non-controlling interest) as of September 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 10.8% in the first nine months. Furthermore, paid-in capital increased from 6,187,500 USD on December 31^st, 2013 to 8,000,000 USD  by September 30^th, 2014, an increase of 29.3%.