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NIC posts net income of $0.83 million in 9M 2015


According to the financial statements of the National Insurance Company NIC for the first nine months of 2015, Net profit after tax of the period reached 834,050 USD Compared with Net profit after tax 2,736,216 USD for 2014, a net decrease in profit of 69.52%.Total assets of the company reached 74,211,772 USD compared with total assets of 73,244,670 USD at the end of year 2014, a net increase of 1.32%.Total liabilities of the company reached 47,731,516 USD compared with total liabilities of 45,502,411 USD at the end of year 2014, a net increase of 4.89%. Net ownership equity of the company reached 26,480,256 USD (Including Non-Controlling Interests of 1,632,394 USD) compared with total owner equity of 27,742,259 USD (Including Non-Controlling Interests of 1,678,228 USD) at the end of year 2014, a net decrease of 4.55%.


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