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MIC posts net income of $0.52 million in H1 2016


According to the financial statements of Al-Mashriq Insurance Company MIC for the first half of 2016, Net profit after tax of the period reached 524,110 USD Compared with Net profit after tax 83,480 USD for 2015, a net increase in profit of 527.83%.Total assets of the company reached 31,898,567 USD compared with total assets of 30,017,509 USD at the end of year 2015, a net increase of 6.27%.Total liabilities of the company reached 24,299,742 USD compared with total liabilities of 22,702,034 USD at the end of year 2015, a net increase of 7.03%. Net ownership equity of the company reached 7,598,825 USD (Including Non-Controlling Interests of 5,024,449 USD) compared with total owner equity of 7,315,475 USD (Including Non-Controlling Interests of 5,108,476 USD) at the end of year 2015, a net increase of 3.87%.


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