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TIC records net income of $1.43 million in H1 2019

2019-08-25

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the first half of 2019, Net profit after tax of the period reached 1,426,068 USD Compared with Net profit after tax 2,230,214 USD for 2018, a net decrease in profit of 36.06%.Total assets of the company reached 68,387,173 USD compared with total assets of 60,446,315 USD at the end of year 2018, a net increase of 13.14%.Total liabilities of the company reached 50,659,472 USD compared with total liabilities of 42,854,856 USD at the end of year 2018, a net increase of 18.21%. Net ownership equity of the company reached 17,727,701 USD compared with total owner equity of 17,591,459 USD at the end of year 2018, a net increase of 0.77%.