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Al Mashriq Insurance (MIC) realizes a loss of $0.92 million in the third quarter of 2010

2010-10-27

Al Mashriq Insurance (MIC) disclosed its financial statements for the third quarter of 2010, and the company’s financial results as of 30/09/2010 indicated a loss of $ 0.92 million comparing to a pretax income of $ 0.45 million in the third quarter of 2009. The company’s assets reached $16.25 million at the end 30/09/2010 after they reached $18.12 million on 31/12/2009. Total liabilities reached $15.81 million at the end of the third quarter of 2010 comparing to $16.32 million as of 31/12/2009. Shareholders’ equity reached $ 0.44 million on 30/09/2010 after they reached $ 1.80 million at the end of 2009.