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Palestine Insurance Company (PICO) earns a pretax income of $ 11,493 in the first half of 2010

2010-08-18

Palestine Insurance Company (PICO) 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 pretax income of $ 11,493 compared to $0.13 million in the first half of 2009. The company’s assets reached $ 31.18 million at the end 30/06/2010 after they reached $ 32.04 million on 31/12/2009. Total liabilities reached $ 25.70 million at the end of the first half of 2010 compared to $ 26.32 million as of 31/12/2009. Shareholders’ equity reached $ 5.48 million on 30/06/2010 after they reached $ 5.72 million at the end of 2009.