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TIC records net income of $0.54 million in Q1 2016

2016-05-03

According to Al-Takaful Palestinian Insurance financial statements for 1st Quarter of 2016, Net profit after tax of the period reached 537,116 USD Compared with Net profit after tax 877,207 USD for 2015, a net decrease in profit of 38.77%.Total assets of the company reached 37,127,820 USD compared with total assets of 33,849,734 USD at the end of year 2015, a net increase of 9.68%.Total liabilities of the company reached 25,810,258 USD compared with total liabilities of 22,984,536 USD at the end of year 2015, a net increase of 12.29%. Net ownership equity of the company reached 11,317,562 USD compared with total owner equity of 10,865,198 USD at the end of year 2015, a net increase of 4.16%.