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MIC reports net income of $0.73 million in Q1 2019

2019-05-02

According to the financial statements of Al-Mashriq Insurance Company MIC for the 1st Quarter of 2019, Net profit after tax of the period reached 727,855 USD Compared with Net profit after tax 920,367 USD for 2018, a net decrease in profit of 20.92%.Total assets of the company reached 49,685,969 USD compared with total assets of 47,087,091 USD at the end of year 2018, a net increase of 5.52%.Total liabilities of the company reached 35,378,289 USD compared with total liabilities of 33,131,092 USD at the end of year 2018, a net increase of 6.78%. Net ownership equity of the company reached 14,307,680 USD (Including Non-Controlling Interests of 5,130,979 USD) compared with total owner equity of 13,955,999 USD (Including Non-Controlling Interests of 5,208,759 USD) at the end of year 2018, a net increase of 2.52%.