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NIC posts net income of $1.65 million in Q1 2016

2016-04-26

According to the financial statements of the National Insurance Company NIC for Q1 2016, Net profit after tax of the period reached 1,653,632 USD Compared with Net profit after tax 659,450 USD for 2015, a net increase in profit of 150.76%.Total assets of the company reached 79,786,436 USD compared with total assets of 74,887,224 USD at the end of year 2015, a net increase of 6.54%.Total liabilities of the company reached 52,605,134 USD compared with total liabilities of 47,824,889 USD at the end of year 2015, a net increase of 9.99%. Net ownership equity of the company reached 27,181,302 USD (Including Non-Controlling Interests of 1,668,553 USD) compared with total owner equity of 27,062,335 USD (Including Non-Controlling Interests of 1,652,920 USD) at the end of year 2015, a net increase of 0.44%.


 

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