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MIC posts net income of $1.31 million in H1 2018

2018-08-28

According to the financial statements of Al Mashriq Insurance MIC for the first half of 2018, Net profit after tax of the period reached 1,314,964 USD Compared with Net profit after tax 1,006,761 USD for 2017, a net increase in profit of 30.61%.Total assets of the company reached 50,436,278 USD compared with total assets of 47,274,610 USD at the end of year 2017, a net increase of 6.69%.Total liabilities of the company reached 37,581,536 USD compared with total liabilities of 36,054,606 USD at the end of year 2017, a net increase of 4.23%. Net ownership equity of the company reached 12,854,742 USD (Including Non-Controlling Interests of 5,357,915 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 14.57%.