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Palestine Development & Investment (PADICO) Company earns a net income of $13.74 million; in H1 2013

2013-08-18

According to company data for the first six months of the year, net profit after taxes reached 13,741,000 USD, compared with a net profit after taxes of 12,210,000 USD from the first six months of 2012, a net increase of 12.5%. Total assets of the company reached 775,177,000 USD as of June 30^th, 2013, compared to total assets of 773,746,000 USD as of December 31^st, 2012, a net increase of 0.2%. Total liabilities of the company reached 277,610,000 USD as of June 30^th, 2013, compared to total liabilities of 277,926,000 USD as of December 31^st, 2012, a net decrease of 0.1%. Net ownership equity of the company reached 497,567,000 USD (including 98,901,000 USD in Non-controlling interest) as of June 30^th, 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 0.4%in the last six months. All figures in the financial statements appeared in thousands of USD.