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PMHC posts net income of $0.04 million in Q1 2014

2014-04-22

According to Palestine Mortgage & Housing Corporation Company PMHC data for the first three months of the year, net profit before taxes reached 45,044 USD, compared with a net profit before taxes of 63,367 USD from the first three months of 2013, a net decrease of 28.9%. Total assets of the company reached 42,149,673 USD as of March 31st, 2014, compared to total assets of 42,356,804 USD as of December 31st, 2013, a net decrease of 0.5%. Total liabilities of the company reached 20,501,316 USD as of March 31st, 2014, compared to total liabilities of 20,792,935 USD as of December 31st, 2013, a net decrease of 1.4%. Net ownership equity of the company reached 21,648,357 USD as of March 31st, 2014, compared with a net ownership equity of 21,563,869 USD as of December 31st, 2013, a net increase of 0.4% in the first three months.