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NIC reports net income of $1.72 million in the first half of 2018

2018-08-15

According to the financial statements of National Insurance NIC for the first half of 2018, Net profit after tax of the period reached 1,721,223 USD Compared with Net profit after tax 3,100,990 USD for 2017, a net decrease in profit of 44.49%.Total assets of the company reached 107,716,881 USD compared with total assets of 104,284,371 USD at the end of year 2017, a net increase of 3.29%.Total liabilities of the company reached 68,925,037 USD compared with total liabilities of 64,624,019 USD at the end of year 2017, a net increase of 6.65%. Net ownership equity of the company reached 38,791,844 USD (Including None-Controlling Interests of 1,575,045 USD) compared with total owner equity of 39,660,352 USD (Including None-Controlling Interests of 1,559,550 USD) at the end of year 2017, a net decrease of 2.19%.Noting that paid-in capital increased from 12,000,000 USD in year 2017 to 15,000,000 USD of this year,a net increase of 25.00%