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NIC posts net income of $4.83 million in 9M 2019

2019-11-06

According to financial statements of the National Insurance Company NIC for the first nine months of 2019, Net profit after tax of the period reached 4,834,091 USD Compared with Net profit after tax 2,900,756 USD for 2018, a net increase in profit of 66.65%.Total assets of the company reached 116,397,331 USD compared with total assets of 105,235,355 USD at the end of year 2018, a net increase of 10.61%.Total liabilities of the company reached 74,434,935 USD compared with total liabilities of 65,182,184 USD at the end of year 2018, a net increase of 14.19%. Net ownership equity of the company reached 41,962,396 USD (Including Non-Controlling Interests of 1,575,271 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 4.77%.