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TIC records net income of $1.79 million in 9M 2017

2017-11-01

According to the financial statements of Al-Takaful Palestinian Insurance TIC for the first nine months of 2017, Net profit after tax of the period reached 1,787,183 USD Compared with Net profit after tax 657,788 USD for 2016, a net increase in profit of 171.70%.Total assets of the company reached 53,824,944 USD compared with total assets of 42,424,694 USD at the end of year 2016, a net increase of 26.87%.Total liabilities of the company reached 39,013,942 USD compared with total liabilities of 30,947,269 USD at the end of year 2016, a net increase of 26.06%. Net ownership equity of the company reached 14,811,002 USD compared with total owner equity of 11,477,425 USD at the end of year 2016, a net increase of 29.04%.