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NIC posts net income of $1.85 million in Q1 2018

2018-05-02

According to the financial statements of National Insurance NIC for the first quarter of 2018, Net profit after tax of the period reached 1,849,618 USD Compared with Net profit after tax 1,597,499 USD for 2017, a net increase in profit of 15.78%.Total assets of the company reached 109,605,677 USD compared with total assets of 101,740,504 USD at the end of year 2017, a net increase of 7.73%.Total liabilities of the company reached 70,854,553 USD compared with total liabilities of 62,080,152 USD at the end of year 2017, a net increase of 14.13%. Net ownership equity of the company reached 38,751,124 USD (Including Non-Controlling Interests of 1,571,945 USD) compared with total owner equity of 39,660,352 USD (Including Non-Controlling Interests of 1,559,550 USD) at the end of year 2017, a net decrease of 2.29%.