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TIC records net income of $1.19 million in Q1 2018

2018-04-30

According to the financial statements of Al-Takaful Palestinian Insurance TIC for the first quarter of 2018, Net profit after tax of the period reached 1,190,148 USD Compared with Net profit after tax 821,369 USD for 2017, a net increase in profit of 44.90%.Total assets of the company reached 60,524,687 USD compared with total assets of 57,088,898 USD at the end of year 2017, a net increase of 6.02%.Total liabilities of the company reached 42,737,197 USD compared with total liabilities of 40,249,774 USD at the end of year 2017, a net increase of 6.17%. Net ownership equity of the company reached 17,787,490 USD compared with total owner equity of 16,839,124 USD at the end of year 2017, a net increase of 5.63%.