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Palestine Development & Investment (PADICO) earns a net income of $ 20.39 million in the first half of 2010

2010-08-12

Palestine Development & Investment (PADICO) disclosed its semi- annual financial statements for the first half of 2010, and the company’s financial results as of 30/06/2010 indicated a net income of $ 20.39 million compared to an income of $ 19.80 million in the first half of 2009. The company’s assets reached $ 631.31 million at the end 30/06/2010 after they reached $ 620.20 million on 31/12/2009. Total liabilities reached $ 179.07 million at the end of the first half of 2010 compared to $ 190.49 million as of 31/12/2009. Shareholders’ equity reached $ 452.24 million (minority interests of 69.10 million) on 30/06/2010 after they reached $ 429.70 million (minority interests of $67.46 million) at the end of 2009.