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2011-05-03
Palestine Development & Investment PADICO disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $9,846,000 compared to an income of $10,909,000 in the first quarter of 2010. Total assets reached $671,539,000 on 31/03/2011 compared to $637,979,000 as of 31/12/2010. Total Liabilities amounted at $198,400,000 on 31/03/2011 after they reached $174,459,000 on 31/12/2010. Total shareholders’ equity settled at $473,139,000 (minority interests of $64,147,000) at the end of the first quarter of 2011 compared to $463,520,000 (minority interest of $63,783,000) at the end of 2010.
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