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TRUST posts net income of $5.88 million at the end of 2018

2019-02-13

According to the financial statements of Trust International Insurance TRUST for the year 2018, Net profit after tax of the period reached 5,886,968 USD Compared with Net profit after tax 5,435,845 USD for 2017, a net increase in profit of 8.30%.Total assets of the company reached 188,064,330 USD compared with total assets of 184,079,499 USD at the end of year 2017, a net increase of 2.16%.Total liabilities of the company reached 127,696,754 USD compared with total liabilities of 124,094,398 USD at the end of year 2017, a net increase of 2.90%. Net ownership equity of the company reached 60,367,576 USD (Including Non-Controlling Interests of 6,607,352 USD) compared with total owner equity of 59,985,101 USD (Including Non-Controlling Interests of 6,324,775 USD) at the end of year 2017, a net increase of 0.64%.Noting that paid-in capital increased from 10,000,000 USD in year 2017 to 15,000,000 USD of this year,a net increase of 50.00%