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MIC posts net income of $3.26 million at the end of 2017

2018-02-18

According to the financial statements of Al Mashriq Insurance MIC for the year 2017, Net profit after tax of the period reached 3,256,372 USD Compared with Net profit after tax 1,109,327 USD for 2016, a net increase in profit of 193.54%.Total assets of the company reached 43,944,569 USD compared with total assets of 33,567,131 USD at the end of year 2016, a net increase of 30.92%.Total liabilities of the company reached 32,741,823 USD compared with total liabilities of 25,397,432 USD at the end of year 2016, a net increase of 28.91%. Net ownership equity of the company reached 11,202,746 USD (Including Non-Controlling Interests of 5,537,324 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 37.13%.