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PICO posts net income of $0.25 million in 2013

2014-02-17

According to Palestine Insurance Company ( PICO) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 251,898 USD, compared with a net loss of (446,937) USD in the audited data for 2012. Total assets of the company reached 32,349,449 USD as of December 31st, 2013, compared to total assets of 31,553,233 USD as of December 31st, 2012, a net increase of 2.5%. Total liabilities of the company reached 27,681,298 USD as of December 31st, 2013, compared to total liabilities of 27,460,891 USD as of December 31st, 2012, a net increase of 0.8%. Net ownership equity of the company reached 4,668,151 USD as of December 31st, 2013, compared with a net ownership equity of 4,092,342 USD as of December 31st, 2012, a net increase of 14.1%.

 

 


 

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