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PIIC records net income of JD4.23 million in 2013

2014-02-13

According to Palestine Industrial Investment Company PIIC data for year-end preliminary financial statements for year 2013, net profit after taxes reached 4,227,913 JOD, compared with a net profit after taxes of 738,176 JOD in the audited data for 2012, a net increase of 472.8%. Total assets of the company reached 48,267,366 JOD as of December 31^st, 2013, compared to total assets of 44,043,584 JOD as of December 31^st, 2012, a net increase of 9.6%. Total liabilities of the company reached 11,193,671 JOD as of December 31^st, 2013, compared to total liabilities of 12,738,009 JOD as of December 31^st, 2012, a net decrease of 12.1%. Net ownership equity of the company reached 37,073,695 JOD (including 5,949,269 JOD in Non-controlling interest) as of December 31^st, 2013, compared with a net ownership equity of 31,305,575   JOD (including 4,982,908 JOD in Non-controlling interest) as of December 31^st, 2012, a net increase of 18.4%.