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NIC posts net income of $1.64 million in 9M 2021

2021-11-01

According to the financial statements of the National Insurance Company NIC for the first nine months of 2021, Net profit after tax of the period reached 1,635,262 USD Compared with Net profit after tax 4,016,901 USD for 2020, a net decrease in profit of 59.29%.Total assets of the company reached 138,861,112 USD compared with total assets of 134,147,918 USD at the end of year 2020, a net increase of 3.51%.Total liabilities of the company reached 93,694,166 USD compared with total liabilities of 87,186,238 USD at the end of year 2020, a net increase of 7.46%. Net ownership equity of the company reached 45,166,946 USD (Including Non-Controlling Interests of 1,699,963 USD) compared with total owner equity of 46,961,680 USD (Including Non-Controlling Interests of 1,715,624 USD) at the end of year 2020, a net decrease of 3.82%.Noting that paid-in capital increased from 15,000,000 USD in year 2020 to 17,250,000 USD of this year,a net increase of 15.00%.