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NIC posts net income of $3.77 million in 9M 2016

2016-10-31

According to the financial statements of the National Insurance Company NIC for the first nine months of 2016, Net profit after tax of the period reached 3,767,568 USD Compared with Net profit after tax 834,050 USD for 2015, a net increase in profit of 351.72%.Total assets of the company reached 86,561,926 USD compared with total assets of 74,887,224 USD at the end of year 2015, a net increase of 15.59%.Total liabilities of the company reached 57,289,396 USD compared with total liabilities of 47,824,889 USD at the end of year 2015, a net increase of 19.78%. Net ownership equity of the company reached 29,272,530 USD (Including Non-Controlling Interests of 1,538,499 USD) compared with total owner equity of 27,062,335 USD (Including Non-Controlling Interests of 1,652,920 USD) at the end of year 2015, a net increase of 8.17%.