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TIC posts net income of $2.77 million at the end of 2018

2019-02-14

According to the financial statements of Al-Takaful Palestinian Insurance TIC for the year 2018, Net profit after tax of the period reached 2,774,100 USD Compared with Net profit after tax 2,193,584 USD for 2017, a net increase in profit of 26.46%.Total assets of the company reached 62,372,193 USD compared with total assets of 58,909,200 USD at the end of year 2017, a net increase of 5.88%.Total liabilities of the company reached 44,780,734 USD compared with total liabilities of 42,070,076 USD at the end of year 2017, a net increase of 6.44%. Net ownership equity of the company reached 17,591,459 USD compared with total owner equity of 16,839,124 USD at the end of year 2017, a net increase of 4.47%.