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PID records JD0.11 million net income in Q1 2014

2014-04-30

According to Palestine Investment & Development Company PID data for the first three months of the year, net profit after taxes reached 108,776 JOD, compared with a net loss of (7,117) JOD from the first three months of 2013.Total assets of the company reached 3,122,405 JOD as of March 31^st, 2014, compared to total assets of 3,005,509 JOD as of December 31^st, 2013, a net increase of 3.9%. Total liabilities of the company reached 56,427 JOD as of March 31^st, 2014, compared to total liabilities of 48,307 JOD as of December 31^st, 2013, a net increase of 16.8%. Net ownership equity of the company reached 3,065,978 JOD as of March 31^st, 2014, compared with a net ownership equity of 2,957,202 JOD as of December 31^st, 2013, a net increase of 3.7% in the first three months.