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NIC posts net income of $0.49 million in 9M 2024

2024-11-17

According to the financial statements of the National Insurance Company for the first nine months of 2024, Net profit after tax of the period reached 485,136 USD Compared with Net Loss after tax (1,616,198) USD for 2023.Total assets of the company reached 113,421,532 USD compared with total assets of 110,594,851 USD at the end of year 2023, a net increase of 2.56%.Total liabilities of the company reached 74,207,843 USD compared with total liabilities of 66,956,613 USD at the end of year 2023, a net increase of 10.82%. Net ownership equity of the company reached 39,213,689 USD (Including Non-Controlling Interests of 3,179 USD) compared with total owner equity of 43,638,238 USD (Including Non-Controlling Interests of 1,663,462 USD) at the end of year 2023, a net decrease of 10.14%.Noting that paid-in capital increased from 17,250,000 USD in year 2023 to 18,500,000 USD of this year,a net increase of 7.25%.