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PADICO records net income of $26.14 million in 2013

2014-02-17

According to Palestine Development & Investment Company ( PADICO) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 26,138,000 USD, compared with a net profit after taxes of 18,315,000 USD in the audited data for 2012, a net increase of 42.7%. Total assets of the company reached 808,226,000 USD as of December 31^st, 2013, compared to total assets of 773,746,000 USD as of December 31^st, 2012, a net increase of 4.5%. Total liabilities of the company reached 286,792,000 USD as of December 31^st, 2013, compared to total liabilities of 277,926,000 USD as of December 31^st, 2012, a net increase of 3.2%. Net ownership equity of the company reached 521,434,000 USD (including 101,692,000 USD in Non-controlling interest) as of December 31^st, 2013, compared with a net ownership equity of 495,820,000 USD (including 97,334,000 USD in Non-controlling interest) as of December 31^st, 2012, a net increase of 5.2%. All figures in the financial statements appeared in thousands of USD.