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NIC posts net income of $3.77 million at the end of 2018

2019-02-17

According to the financial statements of National Insurance Company NIC for the year 2018, Net profit after tax of the period reached 3,767,697 USD Compared with Net profit after tax 7,699,993 USD for 2017, a net decrease in profit of 51.07%.Total assets of the company reached 107,632,517 USD compared with total assets of 104,284,371 USD at the end of year 2017, a net increase of 3.21%.Total liabilities of the company reached 66,620,950 USD compared with total liabilities of 64,624,019 USD at the end of year 2017, a net increase of 3.09%. Net ownership equity of the company reached 41,011,567 USD (Including Non-Controlling Interests of 1,620,195 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 3.41%.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%