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NIC posts net income of $1.54 million in Q1 2017

2017-05-02

According to the financial statements of the National Insurance NIC  for Q1 2017, Net profit after tax of the period reached 1,542,299 USD Compared with Net profit after tax 1,653,632 USD for 2016, a net decrease in profit of 6.73%.Total assets of the company reached 91,380,021 USD compared with total assets of 84,939,598 USD at the end of year 2016, a net increase of 7.58%.Total liabilities of the company reached 63,860,428 USD compared with total liabilities of 56,485,326 USD at the end of year 2016, a net increase of 13.05%. Net ownership equity of the company reached 27,519,593 USD (Including Non-Controlling Interests of 1,465,031 USD) compared with total owner equity of 28,454,272 USD (Including Non-Controlling Interests of 1,480,122 USD) at the end of year 2016, a net decrease of 3.28%.