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MIC posts net income of $1.00 million in H1 2017


According to the financial statements of Al Mashriq Insurance MIC for the first half of 2017, Net profit after tax of the period reached 1,006,761 USD Compared with Net profit after tax 524,110 USD for 2016, a net increase in profit of 92.09%.Total assets of the company reached 39,549,965 USD compared with total assets of 33,567,131 USD at the end of year 2016, a net increase of 17.82%.Total liabilities of the company reached 31,079,202 USD compared with total liabilities of 25,397,432 USD at the end of year 2016, a net increase of 22.37%. Net ownership equity of the company reached 8,470,763 USD (Including None-Controlling Interests of 4,942,375 USD) compared with total owner equity of 8,169,699 USD (Including None-Controlling Interests of 4,864,030 USD) at the end of year 2016, a net increase of 3.69%.


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