send to a friend by email

PADICO records net income of $7.33 million in Q1 2014

2014-05-04

According to Palestine Development & Investment company data for the first three months of the year, net profit after taxes reached 7,333,000 USD, compared with a net profit after taxes of 6,505,000 USD from the first three months of 2013, a net increase of 12.7%. Total assets of the company reached 831,857,000 USD as of March 31^st, 2014, compared to total assets of 808,673,000 USD as of December 31^st, 2013, a net increase of 2.9%. Total liabilities of the company reached 287,059,000 USD as of March 31^st, 2014, compared to total liabilities of 288,106,000 USD as of December 31^st, 2013, a net decrease of 0.4%. Net ownership equity of the company reached 544,798,000 USD (including 101,570,000 USD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 520,567,000 USD (including 101,723,000 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 4.7% in the first three months. All figures in the financial statements appeared in thousands of USD.