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MIC records net income of $0.35 million in Q1 2016

2016-05-03

According to Al-Mashriq insurance financial statements for 1st Quarter of 2016, Net profit after tax of the period reached 351,690 USD Compared with Net profit after tax 53,168 USD for 2015, a net increase in profit of 561.47%.Total assets of the company reached 31,809,755 USD compared with total assets of 30,017,509 USD at the end of year 2015, a net increase of 5.97%.Total liabilities of the company reached 24,245,421 USD compared with total liabilities of 22,702,034 USD at the end of year 2015, a net increase of 6.79%. Net ownership equity of the company reached 7,564,334 USD (Including None-Controlling Interests of 5,075,656 USD) compared with total owner equity of 7,315,475 USD (Including None-Controlling Interests of 5,108,476 USD) at the end of year 2015, a net increase of 3.40%.