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NIC posts net income of $7.70 million at the end of 2017

2018-02-19

According to the financial statements of National Insurance NIC for the year 2017, Net profit after tax of the period reached 7,699,993 USD Compared with Net profit after tax 4,290,350 USD for 2016, a net increase in profit of 79.47%.Total assets of the company reached 101,740,504 USD compared with total assets of 91,204,860 USD at the end of year 2016, a net increase of 11.55%.Total liabilities of the company reached 62,080,152 USD compared with total liabilities of 56,485,326 USD at the end of year 2016, a net increase of 9.90%. Net ownership equity of the company reached 39,660,352 USD (Including Non-Controlling Interests of 1,742,155 USD) compared with total owner equity of 34,719,534 USD (Including Non-Controlling Interests of 2,022,455 USD) at the end of year 2016, a net increase of 14.23%.