send to a friend by email

APIC records net income of $9.58 million in 9M 2014

2014-10-23

According to the Arab Palestinian Investment Company APIC’s consolidated data for the first nine months of the year, net profit after taxes reached 9,578,081 USD, compared with a net profit after taxes of 7,910,746 USD from the first nine months of 2013, a net increase of 21.1%. Total assets of the company reached 250,456,107 USD as of September 30^th, 2014, compared to total assets of 237,212,264 USD as of December 31^st, 2013, a net increase of 5.6%. Total liabilities of the company reached 148,804,425 USD as of September 30^th, 2014, compared to total liabilities of 143,939,432 USD as of December 31^st, 2013, a net increase of 3.4%. Net ownership equity of the company reached 101,651,682 USD (including 25,042,552 USD in Non-controlling interest)as of September 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 9.0% in the first nine months. Furthermore, paid-in capital increased from 50,009,398 USD on December 31^st, 2013 to 60,000,000 USD by September 30^th, 2014, an increase of 20.0%.