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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 30^th, 2013, compared to total assets of 31,553,233 USD as of December 31^st, 2012, a net increase of 0.7%. Total liabilities of the company reached 27,408,466 USD as of September 30^th, 2013, compared to total liabilities of 27,460,891 USD as of December 31^st, 2012, a net decrease of 0.2%. Net ownership equity of the company reached 4,379,877 USD as of September 30^th, 2013, compared with a net ownership equity of 4,092,342 USD as of December 31^st, 2012, a net increase of 7.0% in the first nine months.