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NIC posts net income of $7.81 million in 2020

2021-02-16

According to the financial statements of the National Insurance Company NIC for the year 2020, Net profit after tax of the period reached 7,809,052 USD Compared with Net profit after tax 7,093,290 USD for 2019, a net increase in profit of 10.09%.Total assets of the company reached 133,665,700 USD compared with total assets of 116,417,097 USD at the end of year 2019, a net increase of 14.82%.Total liabilities of the company reached 86,700,125 USD compared with total liabilities of 74,256,869 USD at the end of year 2019, a net increase of 16.75%. Net ownership equity of the company reached 46,965,575 USD (Including Non-Controlling Interests of 1,715,624 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 11.40%.

 


 

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