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MIC posts net income of $1.11 million at the end of 2016

2017-02-15

According to the financial statements of Al-Mashriq Insurance Company MIC for the year 2016, Net profit after tax of the period reached 1,109,327 USD Compared with Net profit after tax 673,661 USD for 2015, a net increase in profit of 64.67%.Total assets of the company reached 33,567,131 USD compared with total assets of 30,017,509 USD at the end of year 2015, a net increase of 11.83%.Total liabilities of the company reached 25,397,432 USD compared with total liabilities of 22,702,034 USD at the end of year 2015, a net increase of 11.87%. Net ownership equity of the company reached 8,169,699 USD (Including Non-Controlling Interests of 4,864,030 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 11.68%.