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MIC posts net income of $0.71 million in H1 2021

2021-08-15

According to the financial statements of Al-Mashriq Insurance Company MIC for the first half of 2021, Net profit after tax of the period reached 710,546 USD Compared with Net profit after tax 1,164,803 USD for 2020, a net decrease in profit of 39.00%.Total assets of the company reached 73,152,932 USD compared with total assets of 67,668,791 USD at the end of year 2020, a net increase of 8.10%.Total liabilities of the company reached 55,467,609 USD compared with total liabilities of 52,067,422 USD at the end of year 2020, a net increase of 6.53%. Net ownership equity of the company reached 17,685,323 USD (Including Non-Controlling Interests of 5,903,441 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 13.36%.Noting that paid-in capital increased from 5,200,000 USD in year 2020 to 5,500,000 USD of this year,a net increase of 5.77%.