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Al-Mashriq Insurance Company achieves pretax income of $0.02 million in Q1 2013

2013-05-01

According to Al-Mashriq Insurance Company ( MIC)’s data for the first three months of the year, net profit before tax reached 24,331 USD, compared with a net profit before tax of 151,936 USD from the first three months of 2012, a net decrease of 84.0%. Total assets of the company reached 15,940,348 USD as of March 31^st, 2013, compared to total assets of 14,997,100 USD as of December 31^st, 2012, a net increase of 6.3%. Total liabilities of the company reached 15,560,987 USD as of March 31^st, 2013, compared to total liabilities of 14,674,977 USD as of December 31^st, 2012, a net increase of 6.0%. Net ownership equity of the company reached 379,361 USD as of March 31^st, 2013, compared with a net ownership equity of 322,123 USD as of December 31^st, 2012, a net increase of 17.8% in the first three months.