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TIC records net income of $0.82 million in Q1 2017

2017-05-02

According to the financial statements of Al-Takaful Palestine Insurance TIC for Q1 2017, Net profit after tax of the period reached 821,369 USD Compared with Net profit after tax 537,116 USD for 2016, a net increase in profit of 52.92%.Total assets of the company reached 48,295,267 USD compared with total assets of 42,424,694 USD at the end of year 2016, a net increase of 13.84%.Total liabilities of the company reached 34,968,852 USD compared with total liabilities of 30,947,269 USD at the end of year 2016, a net increase of 12.99%. Net ownership equity of the company reached 13,326,415 USD compared with total owner equity of 11,477,425 USD at the end of year 2016, a net increase of 16.11%.