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Palestine Development & Investment Company achieves pretax income of $6.64 million in Q1 2013

2013-05-01

According to Palestine Development & Investment Company ( PADICO)’s data for the first three months of the year, net profit before tax reached 6,637,000 USD, compared with a net profit before tax of 8,163,000 USD from the first three months of 2012, a net decrease of 18.7%. Total assets of the company reached 786,441,000 USD as of March 31^st, 2013, compared to total assets of 773,746,000 USD as of December 31^st, 2012, a net increase of 1.6%. Total liabilities of the company reached 282,596,000 USD as of March 31^st, 2013, compared to total liabilities of 277,926,000 USD as of December 31^st, 2012, a net increase of 1.7%. Net ownership equity of the company reached 503,845,000 USD (including 97,724,000 USD in Non-controlling interest) as of March 31^st, 2013, compared with a net ownership equity of 495,820,000 USD (including 97,334,000 USD in Non-controlling interest) as of December 31^st, 2012, a net increase of 1.6% in the first three months. All figures in the financial statements appeared in thousands of USD.