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TIC posts net income of $1.33 million in H1 2020

2020-08-30

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for first half of 2020, Net profit after tax of the period reached 1,328,276 USD Compared with Net profit after tax 1,426,068 USD for 2019, a net decrease in profit of 6.86%.Total assets of the company reached 72,903,203 USD compared with total assets of 70,862,330 USD at the end of year 2019, a net increase of 2.88%.Total liabilities of the company reached 53,634,176 USD compared with total liabilities of 52,514,209 USD at the end of year 2019, a net increase of 2.13%. Net ownership equity of the company reached 19,269,027 USD compared with total owner equity of 18,348,121 USD at the end of year 2019, a net increase of 5.02%.