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TPIC posts net income of $0.54 million in Q1 2022

2022-05-16

According to the financial statements of Tamkeen Palestine Insurance Company TPIC for the 1st Quarter of 2022, Net profit after tax of the period reached 540,469 USD Compared with Net profit after tax 300,232 USD for 2021, a net increase in profit of 80.02%.Total assets of the company reached 53,618,175 USD compared with total assets of 50,217,682 USD at the end of year 2021, a net increase of 6.77%.Total liabilities of the company reached 37,111,061 USD compared with total liabilities of 33,801,951 USD at the end of year 2021, a net increase of 9.78%. Net ownership equity of the company reached 16,507,114 USD compared with total owner equity of 16,415,731 USD at the end of year 2021, a net increase of 0.56%.