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APIC records net income of $3.37 million in Q1 2014

2014-04-28

According to Arab Palestinian Investment company data for the first three months of the year, net profit after taxes reached 3,368,977 USD, compared with a net profit after taxes of 2,950,099 USD from the first three months of 2013, a net increase of 14.2%. Total assets of the company reached 236,502,134 USD as of March 31^st, 2014, compared to total assets of 237,212,264 USD as of December 31^st, 2013, a net decrease of 0.3%. Total liabilities of the company reached 140,118,766 USD as of March 31^st, 2014, compared to total liabilities of 143,939,432 USD as of December 31^st, 2013, a net decrease of 2.7%. Net ownership equity of the company reached 96,383,368 USD (including 24,085,450 USD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 93,272,832 USD (including 23,302,019 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 3.3% in the first three months.