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NIC posts net income of $2.76 million in 9M 2018

2018-11-04

According to the financial statements of the National Insurance NIC for the first nine months of 2018, Net profit after tax of the period reached 2,767,558 USD Compared with Net profit after tax 4,208,542 USD for 2017, a net decrease in profit of 34.24%.Total assets of the company reached 108,639,198 USD compared with total assets of 104,284,371 USD at the end of year 2017, a net increase of 4.18%.Total liabilities of the company reached 68,649,319 USD compared with total liabilities of 64,624,019 USD at the end of year 2017, a net increase of 6.22%. Net ownership equity of the company reached 39,989,879 USD (Including Non-Controlling Interests of 1,576,718 USD) compared with total owner equity of 39,660,352 USD (Including Non-Controlling Interests of 1,559,550 USD) at the end of year 2017, a net increase of 0.83%.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%