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TIC posts net income of $2.10 million in 2019

2020-02-16

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the year 2019, Net profit after tax of the period reached 2,101,613 USD Compared with Net profit after tax 2,427,954 USD for 2018, a net decrease in profit of 13.44%.Total assets of the company reached 70,862,330 USD compared with total assets of 60,446,315 USD at the end of year 2018, a net increase of 17.23%.Total liabilities of the company reached 52,514,209 USD compared with total liabilities of 44,054,856 USD at the end of year 2018, a net increase of 19.20%. Net ownership equity of the company reached 18,348,121 USD compared with total owner equity of 16,391,459 USD at the end of year 2018, a net increase of 11.94%.