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TIC posts net income of $1.03 million in 9M 2019

2019-11-06

According to the financial statements of Al-Takaful Palestinian Insurance Company for the first nine months of 2019, Net profit after tax of the period reached 1,026,762 USD Compared with Net profit after tax 1,774,689 USD for 2018, a net decrease in profit of 42.14%.Total assets of the company reached 72,032,916 USD compared with total assets of 60,446,315 USD at the end of year 2018, a net increase of 19.17%.Total liabilities of the company reached 54,527,746 USD compared with total liabilities of 44,054,856 USD at the end of year 2018, a net increase of 23.77%. Net ownership equity of the company reached 17,505,170 USD compared with total owner equity of 16,391,459 USD at the end of year 2018, a net increase of 6.79%.