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TIC posts net income of $0.87 million in H1 2015

2015-08-17

According to Al-Takaful Palestinian Insurance Company TIC’s data for the first six months of the year 2015, net profit after taxes reached 873,051 USD, compared with a net profit after taxes of 1,531,681 USD from the first six months of 2014, a net decrease of 43.0%. Total assets of the company reached 30,848,439 USD as of June 30th , 2015, compared to total assets of 27,190,901 USD as of December 31st , 2014, a net increase of 13.5%. Total liabilities of the company reached 20,701,025 USD as of June 30th , 2015, compared to total liabilities of 16,682,569 USD as of December 31st , 2014, a net increase of 24.1%. Net ownership equity of the company reached 10,147,414 USD as of June 30th , 2015, compared with a net ownership equity of 10,508,332 USD as of December 31st , 2014, a net decrease of 3.4% in the last six months.