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PIIC posts net income of JD2.55 million in H1 2014

2014-08-13

According to Palestine Industrial Investment Company PIIC’s data for the first six months of the year, net profit after taxes reached 2,554,947 JOD, compared with a net profit after taxes of 2,150,434 JOD from the first six months of 2013, a net increase of 18.8%. Total assets of the company reached 49,725,362 JOD as of June 30th, 2014, compared to total assets of 48,210,680 JOD as of December 31st, 2013, a net increase of 3.1%. Total liabilities of the company reached 12,714,237 JOD as of June 30th, 2014, compared to total liabilities of 11,547,107 JOD as of December 31st, 2013, a net increase of 10.1%. Net ownership equity of the company reached 37,011,125 JOD (including 6,089,219 JOD in Non-controlling interest) as of June 30th, 2014, compared with a net ownership equity of 36,663,573 JOD (including 5,949,269 JOD in Non-controlling interest) as of December 31st, 2013, a net increase of 0.9% in the last six months.