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TIC posts net income of $0.88 million in Q1 2015

2015-04-29

According to Al-Takaful Palestinian Insurance Company TIC’s data for the first three months of the year, net profit after taxes reached 877,207 USD, compared with a net profit after taxes of 487,131 USD from the first three months of 2014, a net increase of 80.1%. Total assets of the company reached 29,113,895 USD as of March 31^st, 2015, compared to total assets of 27,190,901 USD as of December 31^st, 2014, a net increase of 7.1%. Total liabilities of the company reached 18,060,588 USD as of March 31^st, 2015, compared to total liabilities of 16,682,569 USD as of December 31^st, 2014, a net increase of 8.3%. Net ownership equity of the company reached 11,053,307 USD as of March 31^st, 2015, compared with a net ownership equity of 10,508,332 USD as of December 31^st, 2014, a net increase of 5.2% in the first three months.