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NIC reports net income of $1.18 million in Q1 2020


According to the financial statements of the National Insurance Company NIC for the 1st Quarter of 2020, Net profit after tax of the period reached 1,177,289 USD Compared with Net profit after tax 2,459,446 USD for 2019, a net decrease in profit of 52.13%.Total assets of the company reached 118,201,764 USD compared with total assets of 116,417,097 USD at the end of year 2019, a net increase of 1.53%.Total liabilities of the company reached 74,872,365 USD compared with total liabilities of 74,256,869 USD at the end of year 2019, a net increase of 0.82%. Net ownership equity of the company reached 43,329,399 USD (Including Non-Controlling Interests of 1,656,816 USD) compared with total owner equity of 42,160,228 USD (Including Non-Controlling Interests of 1,651,337 USD) at the end of year 2019, a net increase of 2.77%.



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