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MIC reports net income of $1.56 million in 2019

2020-02-17

According to the financial statements of Al-Mashriq Insurance Company MIC for the year 2019, Net profit after tax of the period reached 1,558,955 USD Compared with Net profit after tax 2,418,576 USD for 2018, a net decrease in profit of 35.54%.Total assets of the company reached 60,352,828 USD compared with total assets of 47,087,091 USD at the end of year 2018, a net increase of 28.17%.Total liabilities of the company reached 45,567,778 USD compared with total liabilities of 33,131,092 USD at the end of year 2018, a net increase of 37.53%. Net ownership equity of the company reached 14,785,050 USD (Including Non-Controlling Interests of 5,665,382 USD) compared with total owner equity of 13,955,999 USD (Including Non-Controlling Interests of 5,208,759 USD) at the end of year 2018, a net increase of 5.94%.