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TIC posts net income of $1.20 million in Q1 2019

2019-04-30

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the 1st Quarter of 2019, Net profit after tax of the period reached 1,202,760 USD Compared with Net profit after tax 1,190,148 USD for 2018, a net increase in profit of 1.06%.Total assets of the company reached 63,439,570 USD compared with total assets of 60,446,315 USD at the end of year 2018, a net increase of 4.95%.Total liabilities of the company reached 44,196,476 USD compared with total liabilities of 42,854,856 USD at the end of year 2018, a net increase of 3.13%. Net ownership equity of the company reached 19,243,094 USD compared with total owner equity of 17,591,459 USD at the end of year 2018, a net increase of 9.39%.