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MIC posts net income of $0.05 million in Q1 2015

2015-05-04

According to Al-Mashriq Insurance MIC’s data for the first three months of the year, net profit after taxes reached 53,167 USD, compared with a net profit after taxes of 49,267 USD from the first three months of 2014, a net increase of 7.9%. Total assets of the company reached 27,551,943 USD as of March 31^st, 2015, compared to total assets of 26,566,551 USD as of December 31^st, 2014, a net increase of 3.7%. Total liabilities of the company reached 21,174,651 USD as of March 31^st, 2015, compared to total liabilities of 20,543,822 USD as of December 31^st, 2014, a net increase of 3.1%. Net ownership equity of the company reached 6,377,293 USD as of March 31^st, 2015, compared with a net ownership equity of 6,022,729 USD as of December 31^st, 2014, a net increase of 5.9% in the first three months.