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PID posts net income of JD0.21 million in 2013

2014-02-13

According to Palestine Investment & Development Company PID data for year-end preliminary financial statements for year 2013, net profit after taxes reached 211,603 JOD, compared with a net profit after taxes of 266,876 JOD in the audited data for 2012, a net decrease of 20.7%. Total assets of the company reached 3,054,007 JOD as of December 31^st, 2013, compared to total assets of 2,864,769 JOD as of December 31^st, 2012, a net increase of 6.6%. Total liabilities of the company reached 48,247 JOD as of December 31^st, 2013, compared to total liabilities of 70,612 JOD as of December 31^st, 2012, a net decrease of 31.7%. Net ownership equity of the company reached 3,005,760 JOD as of December 31^st, 2013, compared with a net ownership equity of 2,794,157 JOD as of December 31^st, 2012, a net increase of 7.6%.