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Palestine Insurance Company realizes a net loss of $0.49 million in H1 2013

2013-08-18

According to company data for the first six months of the year, net loss reached (489,645) USD, compared with a net loss of (315,873) USD from the first six months of 2012, a net increase in loss of 55.0%. Total assets of the company reached 31,512,402 USD as of June 30^th, 2013, compared to total assets of 31,553,233 USD as of December 31^st, 2012, a net decrease of 0.1%. Total liabilities of the company reached 27,777,102 USD as of June 30^th, 2013, compared to total liabilities of 27,460,891 USD as of December 31^st, 2012, a net increase of 1.2%. Net ownership equity of the company reached 3,735,300 USD as of June 30^th, 2013, compared with a net ownership equity of 4,092,342 USD as of December 31^st, 2012, a net decrease of 8.7% in the last six months.