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NIC posts net income of $0.66 million in Q1 2015

2015-04-23

According to the National Insurance Company NIC’s consolidated data for the first three months of the year, net profit after taxes reached 659,450 USD, compared with a net profit after taxes of 1,265,392 USD from the first three months of 2014, a net decrease of 47.9%. Total assets of the company reached 76,926,631 USD as of March 31st, 2015, compared to total assets of 73,244,670 USD as of December 31st, 2014, a net increase of 5.0%. Total liabilities of the company reached 50,489,764 USD as of March 31st, 2015, compared to total liabilities of 45,502,411 USD as of December 31st, 2014, a net increase of 11.0%. Net ownership equity of the company reached 26,436,867 USD (including 1,532,539 USD in Non-controlling interest) as of March 31st, 2015, compared with a net ownership equity of 27,742,259 USD (including 1,678,228 USD in Non-controlling interest) as of December 31st, 2014, a net decrease of 4.7% in the first three months.