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TIC posts net income of $1.68 million in 9M 2014

2014-11-02

According to Al-Takaful Palestinian Insurance Company TIC’s data for the first nine months of the year, net profit after taxes reached 1,680,902 USD, compared with a net profit after taxes of 305,012 USD from the first nine months of 2013, a net increase of 451.1%. Total assets of the company reached 27,339,833 USD as of September 30^th, 2014, compared to total assets of 23,997,002 USD as of December 31^st, 2013, a net increase of 13.9%. Total liabilities of the company reached 17,151,912 USD as of September 30^th, 2014, compared to total liabilities of 13,553,443 USD as of December 31^st, 2013, a net increase of 26.6%. Net ownership equity of the company reached 10,187,921 USD as of September 30^th, 2014, compared with a net ownership equity of 10,443,559 USD as of December 31^st, 2013, a net decrease of 2.4% in the first nine months.