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TIC posts net income of $0.30 million in Q1 2024

2024-06-24

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the 1st Quarter of 2024, Net profit after tax of the period reached 301,437 USD Compared with Net profit after tax 813,508 USD for 2023, a net decrease in profit of 62.95%.Total assets of the company reached 69,445,987 USD compared with total assets of 69,031,006 USD at the end of year 2023, a net increase of 0.60%.Total liabilities of the company reached 45,311,698 USD compared with total liabilities of 45,137,613 USD at the end of year 2023, a net increase of 0.38%. Net ownership equity of the company reached 24,134,289 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 23,893,393 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2023, a net increase of 1.01%.