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Palestine Industrial Investment PIIC earns a pretax income of JD0.76 million Q1 2013

2013-04-16

According to company data for the first three months of the year, net profit before tax reached 765,569 JOD, compared with a net profit before tax of 324,922 JOD from the first three months of 2012, a net increase of 135.6%. Total assets of the company reached 44,508,512 JOD as of March 31^st, 2013, compared to total assets of 44,043,584 JOD as of December 31^st, 2012, a net increase of 1.1%. Total liabilities of the company reached 12,210,938 JOD as of March 31^st, 2013, compared to total liabilities of 12,738,009 JOD as of December 31^st, 2012, a net decrease of 4.1%. Net ownership equity of the company reached 32,297,574 JOD (including 5,169,096 JOD in Non-controlling interest) as of March 31^st, 2013, compared with a net ownership equity of 31,305,575 JOD (including 4,982,908 JOD in Non-controlling interest) as of December 31^st, 2012, a net increase of 3.2% in the first three months.