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Palestine Investment & Development Company achieves pretax income of JD0.007 million in Q1 2013

2013-04-30

According to Palestine Investment & Development Company ( PID)’s data for the first three months of the year, net loss reached (7,117) JOD, compared with a net profit before tax of 13,950 JOD from the first three months of 2012.Total assets of the company reached 2,848,218 JOD as of March 31^st, 2013, compared to total assets of 2,864,769 JOD as of December 31^st, 2012, a net decrease of 0.6%. Total liabilities of the company reached 61,178 JOD as of March 31^st, 2013, compared to total liabilities of 70,612 JOD as of December 31^st, 2012, a net decrease of 13.4%. Net ownership equity of the company reached 2,787,040 JOD as of March 31^st, 2013, compared with net ownership equity of 2,794,157 JOD as of December 31^st, 2012, a net decrease of 0.3% in the first three months.