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MIC records net income of $2.38 million at the end of 2018

2019-02-17

According to the financial statements of Al Mashriq Insurance MIC for the  year 2018, Net profit after tax of the period reached 2,378,489 USD Compared with Net profit after tax 3,273,056 USD for 2017, a net decrease in profit of 27.33%.Total assets of the company reached 47,047,004 USD compared with total assets of 47,274,610 USD at the end of year 2017, a net decrease of 0.48%.Total liabilities of the company reached 33,131,092 USD compared with total liabilities of 36,054,606 USD at the end of year 2017, a net decrease of 8.10%. Net ownership equity of the company reached 13,915,912 USD (Including Non-Controlling Interests of 5,208,759 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 24.03%.