National Insurance
NIC
NIC
National Insurance Company (NIC) announced its unaudited interim consolidated condensed financial results in a statement to the Palestine Exchange (PEX).
It is worth highlighting that NIC is the first company within the insurance sector to announce its interim financials for the first nine months of 2014.
According to NIC data for the nine-month period ending September 30, 2014, net profit after taxes stood at $1.34 million, compared to $3.47 million in the same period a year earlier, plunging by 61.4%.
NIC’s total assets amounted to $78.10 million as at September 30, 2014, compared to $79.64 million as at December 31, 2013, registering a decrease of 1.9%. Total liabilities reached $50.71 million as at September 30, 2014, against $50.98 million by December 31, 2013, inching down 0.5%.
It is worth highlighting that NIC is the first company within the insurance sector to announce its interim financials for the first nine months of 2014.
According to NIC data for the nine-month period ending September 30, 2014, net profit after taxes stood at $1.34 million, compared to $3.47 million in the same period a year earlier, plunging by 61.4%.
NIC’s total assets amounted to $78.10 million as at September 30, 2014, compared to $79.64 million as at December 31, 2013, registering a decrease of 1.9%. Total liabilities reached $50.71 million as at September 30, 2014, against $50.98 million by December 31, 2013, inching down 0.5%.
Source:
Mubasher
