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NIC posts net income of $2.39 million in H1 2016

2016-08-11

According to the financial statements of the National Insurance Company NIC for the first half of 2016, Net profit after tax of the period reached 2,389,198 USD Compared with Net profit after tax 1,154,723 USD for 2015, a net increase in profit of 106.91%.Total assets of the company reached 83,189,178 USD compared with total assets of 74,887,224 USD at the end of year 2015, a net increase of 11.09%.Total liabilities of the company reached 55,265,793 USD compared with total liabilities of 47,824,889 USD at the end of year 2015, a net increase of 15.55%. Net ownership equity of the company reached 27,923,385 USD (Including Non-Controlling Interests of 1,574,509 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 3.18%.