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TIC posts net income of $1.03 million in H1 2021

2021-08-15

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the first half of 2021, Net profit after tax of the period reached 1,027,203 USD Compared with Net profit after tax 1,328,276 USD for 2020, a net decrease in profit of 22.67%.Total assets of the company reached 84,806,520 USD compared with total assets of 80,722,784 USD at the end of year 2020, a net increase of 5.06%.Total liabilities of the company reached 63,864,854 USD compared with total liabilities of 59,837,636 USD at the end of year 2020, a net increase of 6.73%. Net ownership equity of the company reached 20,941,666 USD compared with total owner equity of 20,885,148 USD at the end of year 2020, a net increase of 0.27%.