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NIC records net income of $2.96 million in H1 2020

2020-08-31

According to the financial statements of the National Insurance Company NIC for the first half of 2020, Net profit after tax of the period reached 2,960,343 USD Compared with Net profit after tax 3,607,298 USD for 2019, a net decrease in profit of 17.93%.Total assets of the company reached 120,173,485 USD compared with total assets of 116,417,097 USD at the end of year 2019, a net increase of 3.23%.Total liabilities of the company reached 78,068,542 USD compared with total liabilities of 74,256,869 USD at the end of year 2019, a net increase of 5.13%. Net ownership equity of the company reached 42,104,943 USD (Including Non-Controlling Interests of 1,666,642 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 decrease of 0.13%.

 


 

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