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MIC posts net income of $0.10 million in 9M 2015

2015-11-02

According to the financial statements of Al-Mashriq Insurance Company MIC for the first nine months of 2015, Net profit after tax of the period reached 104,010 USD Compared with Net profit after tax 459,799 USD for 2014, a net decrease in profit of 77.38%.Total assets of the company reached 28,522,862 USD compared with total assets of 26,566,551 USD at the end of year 2014, a net increase of 7.36%.Total liabilities of the company reached 22,271,318 USD compared with total liabilities of 20,543,822 USD at the end of year 2014, a net increase of 8.40%. Net ownership equity of the company reached 6,251,544 USD (Including Non-Controlling Interests of 4,740,436 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 3.80%.