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TIC reports net income of $2.23 million in the first half of 2018

2018-08-15

According to the financial statements of Al-Takaful Palestinian Insurance TIC for the first half of 2018, Net profit after tax of the period reached 2,230,214 USD Compared with Net profit after tax 1,326,703 USD for 2017, a net increase in profit of 68.10%.Total assets of the company reached 61,888,070 USD compared with total assets of 58,741,227 USD at the end of year 2017, a net increase of 5.36%.Total liabilities of the company reached 45,028,423 USD compared with total liabilities of 41,902,103 USD at the end of year 2017, a net increase of 7.46%. Net ownership equity of the company reached 16,859,647 USD compared with total owner equity of 16,839,124 USD at the end of year 2017, a net increase of 0.12%.