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PCB posts net income of $0.27 million in Q1 2014

2014-04-23

According to Palestine Commercial Bank PCB data for the first three months of the year, net profit before taxes reached 274,886 USD, compared with a net profit before taxes of 498,740 USD from the first three months of 2013, a net decrease of 44.9%. Total assets of the company reached 229,450,822 USD as of March 31st, 2014, compared to total assets of 237,296,000 USD as of December 31st, 2013, a net decrease of 3.3%. Total liabilities of the company reached 200,308,958 USD as of March 31st, 2014, compared to total liabilities of 208,870,185 USD as of December 31st, 2013, a net decrease of 4.1%. Net ownership equity of the company reached 29,141,864 USD as of March 31st, 2014, compared with a net ownership equity of 28,425,815 USD as of December 31st, 2013, a net increase of 2.5% in the first three months.

 


 

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