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MIC posts income of $1.01 million in 9M 2017


According to the financial statements of Al Mashriq Insurance MIC for the first nine months of 2017, Net profit after tax of the period reached 1,323,267 USD Compared with Net profit after tax 1,017,677 USD for 2016, a net increase in profit of 30.03%.Total assets of the company reached 40,471,929 USD compared with total assets of 33,567,131 USD at the end of year 2016, a net increase of 20.57%.Total liabilities of the company reached 31,546,634 USD compared with total liabilities of 25,397,432 USD at the end of year 2016, a net increase of 24.21%. Net ownership equity of the company reached 8,925,295 USD (Including Non-Controlling Interests of 4,872,030 USD) compared with total owner equity of 8,169,699 USD (Including Non-Controlling Interests of 4,864,030 USD) at the end of year 2016, a net increase of 9.25%.


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