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NIC reports net income of $2.63 million in Q1 2019

2019-05-02

According to the financial statements of the National Insurance Company NIC for the 1st Quarter of 2019, Net profit after tax of the period reached 2,631,757 USD Compared with Net profit after tax 1,849,618 USD for 2018, a net increase in profit of 42.29%.Total assets of the company reached 112,819,970 USD compared with total assets of 105,152,177 USD at the end of year 2018, a net increase of 7.29%.Total liabilities of the company reached 72,139,845 USD compared with total liabilities of 64,140,610 USD at the end of year 2018, a net increase of 12.47%. Net ownership equity of the company reached 40,680,125 USD (Including Non-Controlling Interests of 1,629,410 USD) compared with total owner equity of 41,011,567 USD (Including Non-Controlling Interests of 1,620,195 USD) at the end of year 2018, a net decrease of 0.81%.