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NIC posts net income of $3.96 million in H1 2019

2019-08-20

According to the financial statements of the National Insurance Company NIC for the first half of 2019, Net profit after tax of the period reached 3,955,669 USD Compared with Net profit after tax 1,855,509 USD for 2018, a net increase in profit of 113.19%.Total assets of the company reached 113,017,064 USD compared with total assets of 105,235,355 USD at the end of year 2018, a net increase of 7.39%.Total liabilities of the company reached 71,951,157 USD compared with total liabilities of 65,182,184 USD at the end of year 2018, a net increase of 10.38%. Net ownership equity of the company reached 41,065,907 USD (Including Non-Controlling Interests of 1,566,634 USD) compared with total owner equity of 40,053,171 USD (Including Non-Controlling Interests of 1,550,454 USD) at the end of year 2018, a net increase of 2.53%.

 


 

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