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APIC records net income of $7.80 million in H1 2014

2014-08-14

According to Arab Palestinian Investment Company APIC’s data for the first six months of the year, net profit after taxes reached 7,799,324 USD, compared with a net profit after taxes of 5,603,388 USD from the first six months of 2013, a net increase of 39.2%. Total assets of the company reached 248,791,660 USD as of June 30^th, 2014, compared to total assets of 237,212,264 USD as of December 31^st, 2013, a net increase of 4.9%. Total liabilities of the company reached 148,571,519 USD as of June 30^th, 2014, compared to total liabilities of 143,939,432 USD as of December 31^st, 2013, a net increase of 3.2%. Net ownership equity of the company reached 100,220,141 USD (including 25,009,616 USD in Non-controlling interest) as of June 30^th, 2014, compared with a net ownership equity of 93,272,832 USD (including 23,302,019 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 7.4% in the last six months.