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TPIC posts net income of $0.81 million in H1 2024

2024-09-12

According to the financial statements of Tamkeen Palestine Insurance Company TPIC for the first half of 2024, Net profit after tax of the period reached 811,369 USD Compared with Net profit after tax 640,894 USD for 2023, a net increase in profit of 26.60%.Total assets of the company reached 32,792,142 USD compared with total assets of 32,643,286 USD at the end of year 2023, a net increase of 0.46%.Total liabilities of the company reached 14,296,707 USD compared with total liabilities of 14,400,884 USD at the end of year 2023, a net decrease of 0.72%. Net ownership equity of the company reached 18,495,435 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 18,242,402 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2023, a net increase of 1.39%.Noting that paid-in capital increased from 12,480,000 USD in year 2023 to 13,104,000 USD of this year,a net increase of 5.00%