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PIBC posts a net profit of $0.86 million in Q1 2014

2014-04-28

According to Palestine Investment Bank company data for the first three months of the year, net profit after taxes reached 865,953 USD, compared with a net profit after taxes of 680,284 USD from the first three months of 2013, a net increase of 27.3%. Total assets of the company reached 289,980,396 USD as of March 31^st, 2014, compared to total assets of 288,414,977 USD as of December 31^st, 2013, a net increase of 0.5%. Total liabilities of the company reached 221,870,358 USD as of March 31^st, 2014, compared to total liabilities of 220,471,840 USD as of December 31^st, 2013, a net increase of 0.6%. Net ownership equity of the company reached 68,110,038 USD as of March 31^st, 2014, compared with a net ownership equity of 67,943,137 USD as of December 31^st, 2013, a net increase of 0.2% in the first three months.