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TIC records net income of $1.33 million in H1 2017

2017-08-15

According to the financial statements of Al-Takaful Palestinian Insurance TIC for the first half of 2017, Net profit after tax of the period reached 1,326,703 USD Compared with Net profit after tax 315,606 USD for 2016, a net increase in profit of 320.37%.Total assets of the company reached 52,060,673 USD compared with total assets of 42,424,694 USD at the end of year 2016, a net increase of 22.71%.Total liabilities of the company reached 37,261,565 USD compared with total liabilities of 30,947,269 USD at the end of year 2016, a net increase of 20.40%. Net ownership equity of the company reached 14,799,108 USD compared with total owner equity of 11,477,425 USD at the end of year 2016, a net increase of 28.94%.