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PADICO posts net income of $15.01 million in H1 2014

2014-08-18

According to Palestine Development & Investment Company PADICO’s data for the first six months of the year, net profit after taxes reached 15,010,000 USD, compared with a net profit after taxes of 13,741,000 USD from the first six months of 2013, a net increase of 9.2%. Total assets of the company reached 830,751,000 USD as of June 30th, 2014, compared to total assets of 808,673,000 USD as of December 31st, 2013, a net increase of 2.7%. Total liabilities of the company reached 300,451,000 USD as of June 30th, 2014, compared to total liabilities of 288,106,000 USD as of December 31st, 2013, a net increase of 4.3%. Net ownership equity of the company reached 530,300,000 USD (including 100,945,000 USD in Non-controlling interest) as of June 30th, 2014, compared with a net ownership equity of 520,567,000 USD (including 101,723,000 USD in Non-controlling interest) as of December 31st, 2013, a net increase of 1.9% in the last six months. All figures in the financial statements appeared in thousands of USD.