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MIC posts net income of $0.08 million in H1 2015


According to Al-Mashreq Insurance Company MIC’s financial statements for the first half of 2015, Net profit after tax of the period reached 83,480 USD Compared with Net profit after tax 49,882 USD for 2014, a net increase in profit of 67.36%.Total assets of the company reached 28,671,928 USD compared with total assets of 26,566,551 USD at the end of year 2014, a net increase of 7.92%.Total liabilities of the company reached 22,119,513 USD compared with total liabilities of 20,543,822 USD at the end of year 2014, a net increase of 7.66%. Net ownership equity of the company reached 6,552,415 USD (Including Non-Controlling Interests of 4,735,589 USD) compared with total owner equity of 6,022,729 USD (Including Non-Controlling Interests of 4,834,570 USD) at the end of year 2014, a net increase of 8.79%.


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