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TIC reports net income of $1.25 million in 9M 2015

2015-11-01

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the first nine months of 2015, Net profit after tax of the period reached 1,248,782 USD Compared with Net profit after tax 2,471,631 USD for 2014, a net decrease in profit of 49.48%.Total assets of the company reached 31,531,832 USD compared with total assets of 27,190,901 USD at the end of year 2014, a net increase of 15.96%.Total liabilities of the company reached 21,120,287 USD compared with total liabilities of 16,682,569 USD at the end of year 2014, a net increase of 26.60%. Net ownership equity of the company reached 10,411,545 USD compared with total owner equity of 10,508,332 USD at the end of year 2014, a net decrease of 0.92%.