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MIC posts net income of $0.69 million in Q1 2021

2021-06-01

According to the financial statements of Al-Mashriq Insurance Company MIC for the 1st Quarter of 2021, Net profit after tax of the period reached 685,940 USD Compared with Net profit after tax 556,249 USD for 2020, a net increase in profit of 23.32%.Total assets of the company reached 68,604,409 USD compared with total assets of 67,668,791 USD at the end of year 2020, a net increase of 1.38%.Total liabilities of the company reached 51,806,818 USD compared with total liabilities of 52,067,422 USD at the end of year 2020, a net decrease of 0.50%. Net ownership equity of the company reached 16,797,591 USD (Including Non-Controlling Interests of 5,810,197 USD) compared with total owner equity of 15,601,369 USD (Including Non-Controlling Interests of 5,815,868 USD) at the end of year 2020, a net increase of 7.67%.