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TIC posts net income of $1.98 million in 9M 2018


According to the financial statements of  Al-Takaful Palestinian Insurance TIC for the first nine months of 2018, Net profit after tax of the period reached 1,980,864 USD Compared with Net profit after tax 1,787,183 USD for 2017, a net increase in profit of 10.84%.Total assets of the company reached 63,568,084 USD compared with total assets of 58,741,227 USD at the end of year 2017, a net increase of 8.22%.Total liabilities of the company reached 46,935,722 USD compared with total liabilities of 41,902,103 USD at the end of year 2017, a net increase of 12.01%. Net ownership equity of the company reached 16,632,362 USD compared with total owner equity of 16,839,124 USD at the end of year 2017, a net decrease of 1.23%.



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