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TIC posts net income of $0.83 million in Q1 2020

2020-05-19

According to the financial statements of Al-Takaful Palestinian Insurance TIC for the 1st Quarter of 2020, Net profit after tax of the period reached 834,681 USD Compared with Net profit after tax 1,202,760 USD for 2019, a net decrease in profit of 30.60%.Total assets of the company reached 68,886,410 USD compared with total assets of 70,862,330 USD at the end of year 2019, a net decrease of 2.79%.Total liabilities of the company reached 49,872,483 USD compared with total liabilities of 52,514,209 USD at the end of year 2019, a net decrease of 5.03%. Net ownership equity of the company reached 19,013,927 USD compared with total owner equity of 18,348,121 USD at the end of year 2019, a net increase of 3.63%.