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NIC posts net income of $4.07 million at the end of 2016

2017-02-15

According to the financial statements of the National Insurance Company NIC for the year 2016, Net profit after tax of the period reached 4,067,178 USD Compared with Net profit after tax 1,244,781 USD for 2015, a net increase in profit of 226.74%.Total assets of the company reached 84,939,598 USD compared with total assets of 74,887,224 USD at the end of year 2015, a net increase of 13.42%.Total liabilities of the company reached 56,485,326 USD compared with total liabilities of 48,951,595 USD at the end of year 2015, a net increase of 15.39%. Net ownership equity of the company reached 28,454,272 USD (Including Non-Controlling Interests of 1,480,122 USD) compared with total owner equity of 25,935,629 USD (Including Non-Controlling Interests of 1,577,920 USD) at the end of year 2015, a net increase of 9.71%.