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One Million Dollars in Profits for the “National Insurance Co” (NIC)

2007-08-02

One Million Dollars in Profits for the “National Insurance Co” (NIC)

(NIC) announced its net profit before taxes amounted to one million dollars in the first half of the current year, this compares with losses amounting to about $760 thousand in the first half of last year. The company said, in disclosure statements received by the PSE audit that,” The total assets of the company rose to about $46.14 million at the end of the first half of the current year, from about $43 million at the end of the first half of last year .As well as the liabilities total also increased during the periods of comparison to about $34.26 million from about $32.45 million with total dues of about $11.9 million from $10.4 million. The disclosure report for the external auditor includes the list of the balance sheet, profit and loss statements, statement of changes in the rights of shareholders, statement of cash flows as well as clarifications on the financial statements.