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TIC posts net income of $0.62 million in Q1 2022

2022-05-15

According to the financial statements of Al-Takaful Palestinian Insurance Company for the 1st Quarter of 2022, Net profit after tax of the period reached 621,016 USD Compared with Net profit after tax 563,790 USD for 2021, a net increase in profit of 10.15%.Total assets of the company reached 95,065,127 USD compared with total assets of 89,442,308 USD at the end of year 2021, a net increase of 6.29%.Total liabilities of the company reached 73,334,974 USD compared with total liabilities of 66,999,922 USD at the end of year 2021, a net increase of 9.45%. Net ownership equity of the company reached 21,730,153 USD compared with total owner equity of 22,442,386 USD at the end of year 2021, a net decrease of 3.17%.