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MIC posts net income of $0.31 million in Q1 2017

2017-05-02

According to the financial statements of AL-Mashriq Insurance MIC for Q1 2017, Net profit after tax of the period reached 311,501 USD Compared with Net profit after tax 351,690 USD for 2016, a net decrease in profit of 11.43%.Total assets of the company reached 37,580,555 USD compared with total assets of 33,567,131 USD at the end of year 2016, a net increase of 11.96%.Total liabilities of the company reached 29,068,885 USD compared with total liabilities of 25,397,432 USD at the end of year 2016, a net increase of 14.45%. Net ownership equity of the company reached 8,511,670 USD (Including Non-Controlling Interests of 4,902,429 USD) compared with total owner equity of 8,169,699 USD (Including Non-Controlling Interests of 4,864,030 USD) at the end of year 2016, a net increase of 4.19%.