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MIC records net income of $0.92 million in Q1 2018


According to the financial statements of Al Mashriq Insurance MIC for the first quarter of 2018, Net profit after tax of the period reached 920,367 USD Compared with Net profit after tax 311,501 USD for 2017, a net increase in profit of 195.46%.Total assets of the company reached 45,589,520 USD compared with total assets of 43,961,826 USD at the end of year 2017, a net increase of 3.70%.Total liabilities of the company reached 33,330,413 USD compared with total liabilities of 32,741,822 USD at the end of year 2017, a net increase of 1.79%. Net ownership equity of the company reached 12,259,107 USD (Including Non-Controlling Interests of 5,456,649 USD) compared with total owner equity of 11,220,004 USD (Including Non-Controlling Interests of 5,537,324 USD) at the end of year 2017, a net increase of 9.26%.



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