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PRICO posts net income of JD0.42 million in H1 2014

2014-08-18

According to Palestine Real Estate Investment Company PRICO’s data for the first six months of the year, net profit after taxes reached 416,624 JOD, compared with a net loss of (352,815) JOD from the first six months of 2013. Total assets of the company reached 123,433,874 JOD as of June 30^th, 2014, compared to total assets of 118,468,283 JOD as of December 31^st, 2013, a net increase of 4.2%. Total liabilities of the company reached 42,667,997 JOD as of June 30^th, 2014, compared to total liabilities of 39,529,546 JOD as of December 31^st, 2013, a net increase of 7.9%. Net ownership equity of the company reached 80,765,877 JOD (including 2,233,009 JOD in Non-controlling interest) as of June 30^th, 2014, compared with a net ownership equity of 78,938,737 JOD (including 2,228,083 JOD in Non-controlling interest) as of December 31^st, 2013, a net increase of 2.3% in the last six months.