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NIC records net income of $7.17 million in 2019

2020-02-16

According to the financial statements of the National Insurance Company NIC for the year 2019, Net profit after tax of the period reached 7,168,738 USD Compared with Net profit after tax 3,967,290 USD for 2018, a net increase in profit of 80.70%.Total assets of the company reached 117,472,765 USD compared with total assets of 105,235,355 USD at the end of year 2018, a net increase of 11.63%.Total liabilities of the company reached 74,209,464 USD compared with total liabilities of 65,182,184 USD at the end of year 2018, a net increase of 13.84%. Net ownership equity of the company reached 43,263,301 USD (Including Non-Controlling Interests of 1,651,337 USD) compared with total owner equity of 40,053,171 USD (Including Non-Controlling Interests of 1,550,454 USD) at the end of year 2018, a net increase of 8.01%.