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PIIC records net income of JD1.18million in Q1 2014

2014-04-17

According to Palestine Industrial Investment company data for the first three months of the year, net profit after taxes reached 1,176,499 JOD, compared with a net profit after taxes of 684,922 JOD from the first three months of 2013, a net increase of 71.8%. Total assets of the company reached 48,724,228 JOD as of March 31^st, 2014, compared to total assets of 48,210,680 JOD as of December 31^st, 2013, a net increase of 1.1%. Total liabilities of the company reached 10,975,217 JOD as of March 31^st, 2014, compared to total liabilities of 11,547,107 JOD as of December 31^st, 2013, a net decrease of 5.0%. Net ownership equity of the company reached 37,749,011 JOD (including 6,139,140 JOD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 36,663,573 JOD (including 5,949,269 JOD in Non-controlling interest) as of December 31^st, 2013, a net increase of 3.0% in the first three months.