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BPC posts net income of $1.42 million in Q1 2014

2014-05-04

According to Birzeit Pharmaceuticals Company BPC data for the first three months of the year, net profit before taxes reached 1,422,803 USD, compared with a net profit before taxes of 1,420,480 USD from the first three months of 2013, a net increase of 0.2%. Total assets of the company reached 65,301,029 USD as of March 31^st, 2014, compared to total assets of 64,753,100 USD as of December 31^st, 2013, a net increase of 0.8%. Total liabilities of the company reached 11,815,956 USD as of March 31^st, 2014, compared to total liabilities of 12,828,330 USD as of December 31^st, 2013, a net decrease of 7.9%. Net ownership equity of the company reached 53,485,073 USD (including 164,918 USD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 51,924,770 USD (including 199,413 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 3.0% in the first three months.