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MIC records net income of $0.73 million in 2015

2016-02-17

According to the financial statements of Al-Mashriq Insurance Company MIC for the year 2015, Net profit after tax of the period reached 729,396 USD Compared with Net profit after tax 325,585 USD for 2014, a net increase in profit of 124.03%.Total assets of the company reached 30,073,244 USD compared with total assets of 26,566,551 USD at the end of year 2014, a net increase of 13.20%.Total liabilities of the company reached 22,702,034 USD compared with total liabilities of 20,543,822 USD at the end of year 2014, a net increase of 10.50%. Net ownership equity of the company reached 7,371,210 USD (Including Non-Controlling Interests of 5,108,476 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 22.39%.