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TIC posts net income of $1.13 million in H1 2024

2024-09-12

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the first half of 2024, Net profit after tax of the period reached 1,126,764 USD Compared with Net profit after tax 1,308,222 USD for 2023, a net decrease in profit of 13.87%.Total assets of the company reached 66,217,534 USD compared with total assets of 69,031,006 USD at the end of year 2023, a net decrease of 4.08%.Total liabilities of the company reached 43,015,958 USD compared with total liabilities of 45,137,613 USD at the end of year 2023, a net decrease of 4.70%. Net ownership equity of the company reached 23,201,576 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 decrease of 2.90%.