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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 30^th, 2014, compared to total assets of 32,349,449 USD as of December 31^st, 2013, a net increase of 0.6%. Total liabilities of the company reached 28,336,070 USD as of June 30^th, 2014, compared to total liabilities of 28,543,367 USD as of December 31^st, 2013, a net decrease of 0.7%. Net ownership equity of the company reached 4,194,646 USD as of June 30^th, 2014, compared with a net ownership equity of 3,806,082 USD as of December 31^st, 2013, a net increase of 10.2% in the last six months.