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TIC records net income of $2.19 million at the end of 2017

2018-02-15

According to the financial statements of Al-Takaful Palestinian Insurance for the year 2017, Net profit after tax of the period reached 2,193,584 USD Compared with Net profit after tax 812,974 USD for 2016, a net increase in profit of 169.82%.Total assets of the company reached 57,088,898 USD compared with total assets of 42,424,694 USD at the end of year 2016, a net increase of 34.57%.Total liabilities of the company reached 40,249,774 USD compared with total liabilities of 30,947,269 USD at the end of year 2016, a net increase of 30.05%. Net ownership equity of the company reached 16,839,124 USD compared with total owner equity of 11,477,425 USD at the end of year 2016, a net increase of 46.72%.Noting that paid-in capital increased from 9,350,000 USD in year 2016 to 10,000,000 USD of this year,a net increase of 6.95%