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NIC posts net income of $0.73 million in Q1 2022

2022-05-15

According to the financial statements of the National Insurance Company NIC for the 1st Quarter of 2022, Net profit after tax of the period reached 730,862 USD Compared with Net profit after tax 1,094,856 USD for 2021, a net decrease in profit of 33.25%.Total assets of the company reached 139,267,955 USD compared with total assets of 139,330,953 USD at the end of year 2021, a net decrease of 0.05%.Total liabilities of the company reached 95,273,729 USD compared with total liabilities of 92,622,354 USD at the end of year 2021, a net increase of 2.86%. Net ownership equity of the company reached 43,994,226 USD (Including Non-Controlling Interests of 1,764,237 USD) compared with total owner equity of 46,708,599 USD (Including Non-Controlling Interests of 1,760,181 USD) at the end of year 2021, a net decrease of 5.81%.