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Al-Mashriq Insurance Company achieves pretax income of $0.03 million in H1 2013

2013-08-14

According to company data for the first six months of the year, net profit after taxes reached 31,825 USD, compared with a net profit after taxes of 199,916 USD from the first six months of 2012, a net decrease of 84.1%. Total assets of the company reached 16,587,979 USD as of June 30^th, 2013, compared to total assets of 14,997,100 USD as of December 31^st, 2012, a net increase of 10.6%. Total liabilities of the company reached 16,197,341 USD as of June 30^th, 2013, compared to total liabilities of 14,674,977 USD as of December 31^st, 2012, a net increase of 10.4%. Net ownership equity of the company reached 390,638 USD as of June 30^th, 2013, compared with a net ownership equity of 322,123 USD as of December 31^st, 2012, a net increase of 21.3% in the last six months.