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PICO posts net income of $0.35 million in H1 2014

2014-08-17

According to Palestine Insurance Company PICO’s data for the first six months of the year, net profit after taxes reached 354,066 USD, compared with a net loss of (489,645) USD from the first six months of 2013. Total assets of the company reached 32,530,716 USD as of June 30th, 2014, compared to total assets of 32,349,449 USD as of December 31st, 2013, a net increase of 0.6%. Total liabilities of the company reached 28,336,070 USD as of June 30th, 2014, compared to total liabilities of 28,543,367 USD as of December 31st, 2013, a net decrease of 0.7%. Net ownership equity of the company reached 4,194,646 USD as of June 30th, 2014, compared with a net ownership equity of 3,806,082 USD as of December 31st, 2013, a net increase of 10.2% in the last six months.

 


 

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