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TIC posts net income of $0.56 million in Q1 2021

2021-06-01

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the 1st Quarter of 2021, Net profit after tax of the period reached 563,790 USD Compared with Net profit after tax 834,681 USD for 2020, a net decrease in profit of 32.45%.Total assets of the company reached 82,657,291 USD compared with total assets of 80,722,784 USD at the end of year 2020, a net increase of 2.40%.Total liabilities of the company reached 61,387,113 USD compared with total liabilities of 59,837,636 USD at the end of year 2020, a net increase of 2.58%. Net ownership equity of the company reached 21,270,178 USD compared with total owner equity of 20,885,148 USD at the end of year 2020, a net increase of 1.84%.