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PMHC posts net income of $0.17 million in H1 2014

2014-08-14

According to Palestine Mortgage & Housing Corporation Company PMHC’s data for the first six months of the year, net profit after taxes reached 172,121 USD, compared with a net profit after taxes of 87,057 USD from the first six months of 2013, a net increase of 97.7%. Total assets of the company reached 41,397,732 USD as of June 30^th, 2014, compared to total assets of 42,356,804 USD as of December 31^st, 2013, a net decrease of 2.3%. Total liabilities of the company reached 20,496,648 USD as of June 30^th, 2014, compared to total liabilities of 20,792,935 USD as of December 31^st, 2013, a net decrease of 1.4%. Net ownership equity of the company reached 20,901,084 USD as of June 30^th, 2014, compared with a net ownership equity of 21,563,869 USD as of December 31^st, 2013, a net decrease of 3.1% in the last six months.