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PICO posts net income of $0.11 million in Q1 2014

2014-05-04

According to Palestine Insurance Co company data for the first three months of the year, net profit before taxes reached 110,820 USD, compared with a net loss of (252,676) USD from the first three months of 2013. Total assets of the company reached 32,270,763 USD as of March 31^st, 2014, compared to total assets of 32,349,449 USD as of December 31^st, 2013, a net decrease of 0.2%. Total liabilities of the company reached 28,371,573 USD as of March 31^st, 2014, compared to total liabilities of 28,543,367 USD as of December 31^st, 2013, a net decrease of 0.6%. Net ownership equity of the company reached 3,899,190 USD as of March 31^st, 2014, compared with a net ownership equity of 3,806,082 USD as of December 31^st, 2013, a net increase of 2.4% in the first three months.