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Palestine Industrial Investment earns a pretax income of JD0.69 million in Q1 2011

2011-05-03

Palestine Development & Investment PIIC disclosed its financial results for the first quarter of this year, where they indicated a pretax income of JD690,374 compared to an income of JD1,298,441 in the first quarter of 2010. Total assets reached JD43,979,945 on 31/03/2011 compared to JD42,861,386 as of 31/12/2010. Total Liabilities amounted at JD9,930,677 on 31/03/2011 after they reached JD10,502,792 on 31/12/2010. Total shareholders’ equity settled at JD34,049,268 (minority interests of JD5,374,518) at the end of the first quarter of 2011 compared to JD32,358,594 (minority interest of JD5,003,348) at the end of 2010.