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TIC records net income of $1.70 million in 2015

2016-02-17

According to the financial statements of Al-Takaful Palestinian Insurance Company the for year 2015, Net profit after tax of the period reached 1,699,937 USD Compared with Net profit after tax 2,469,507 USD for 2014, a net decrease in profit of 31.16%.Total assets of the company reached 33,849,734 USD compared with total assets of 27,190,901 USD at the end of year 2014, a net increase of 24.49%.Total liabilities of the company reached 22,803,922 USD compared with total liabilities of 16,682,569 USD at the end of year 2014, a net increase of 36.69%. Net ownership equity of the company reached 11,045,812 USD compared with total owner equity of 10,508,332 USD at the end of year 2014, a net increase of 5.11%.