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NIC records net income of $2.64 million at the end of 2014

2015-02-15

According to the National Insurance Company NIC’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 2,641,147 USD, compared with a net profit after tax of 4,987,162 USD in 2013, a net decrease of 47.0%. Total assets of the company reached 73,244,670 USD as of December 31st, 2014, compared to total assets of 80,667,990 USD as of December 31st, 2013, a net decrease of 9.2%. Total liabilities of the company reached 45,502,411 USD as of December 31st, 2014, compared to total liabilities of 53,019,090 USD as of December 31st, 2013, a net decrease of 14.2%. Net ownership equity of the company reached 27,742,259 USD (including 1,678,228 USD in Non-controlling interest) as of December 31st, 2014, compared with a net ownership equity of 27,648,900 USD (including 1,632,167 USD in Non-controlling interest) as of December 31st , 2013, a net increase of 0.3%.