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PICO achieves net income of $0.06 million in 9M 2013

2013-11-03

According to Palestine Insurance Company ( PICO)’s data for the first nine months of the year, net profit after taxes reached 59,545 USD, compared with a net loss of (584,267) USD from the first nine months of 2012. Total assets of the company reached 31,788,343 USD as of September 30th, 2013, compared to total assets of 31,553,233 USD as of December 31st, 2012, a net increase of 0.7%. Total liabilities of the company reached 27,408,466 USD as of September 30th, 2013, compared to total liabilities of 27,460,891 USD as of December 31st, 2012, a net decrease of 0.2%. Net ownership equity of the company reached 4,379,877 USD as of September 30th, 2013, compared with a net ownership equity of 4,092,342 USD as of December 31st, 2012, a net increase of 7.0% in the first nine months.

 


 

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