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NIC posts net income of $4.04 million in 9M 2017

2017-11-01

According to the financial statements of National Insurance NIC for the first nine months of 2017, Net profit after tax of the period reached 4,040,883 USD Compared with Net profit after tax 3,767,568 USD for 2016, a net increase in profit of 7.25%.Total assets of the company reached 94,820,735 USD compared with total assets of 84,939,598 USD at the end of year 2016, a net increase of 11.63%.Total liabilities of the company reached 64,693,938 USD compared with total liabilities of 56,485,326 USD at the end of year 2016, a net increase of 14.53%. Net ownership equity of the company reached 30,126,797 USD (Including Non-Controlling Interests of 1,496,128 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 increase of 5.88%.