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PADICO achieves net income of $22.36 million in 9M 2013

2013-11-03

According to Palestine Development & Investment Company ( PADICO)’s data for the first nine months of the year, net profit after taxes reached 22,359,000 USD, compared with a net profit after taxes of 15,491,000 USD from the first nine months of 2012, a net increase of 44.3%. Total assets of the company reached 785,930,000 USD as of September 30^th, 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 278,086,000 USD as of September 30^th, 2013, compared to total liabilities of 277,926,000 USD as of December 31^st, 2012, a net increase of 0.1%. Net ownership equity of the company reached 507,844,000 USD (including 100,582,000 USD in Non-controlling interest) as of September 30^th, 2013, compared with 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 2.4% in the first nine months. All figures in the financial statements appeared in thousands of USD.