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MIC posts net income of $0.73 million in H1 2019

2019-08-25

According to the financial statements of Al-Mashriq Insurance Company MIC for the first half of 2019, Net profit after tax of the period reached 735,058 USD Compared with Net profit after tax 1,314,964 USD for 2018, a net decrease in profit of 44.10%.Total assets of the company reached 51,771,053 USD compared with total assets of 47,087,091 USD at the end of year 2018, a net increase of 9.95%.Total liabilities of the company reached 37,870,850 USD compared with total liabilities of 33,131,092 USD at the end of year 2018, a net increase of 14.30%. Net ownership equity of the company reached 13,900,203 USD (Including Non-Controlling Interests of 5,027,274 USD) compared with total owner equity of 13,955,999 USD (Including Non-Controlling Interests of 5,208,759 USD) at the end of year 2018, a net decrease of 0.40%.