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PIIC records net income of JD3.01 million in 9M 2014

2014-10-26

According to Palestine Industrial Investment Company PIIC’s condensed data for the first nine months of the year, net profit after taxes reached 3,007,054 JOD, compared with a net profit after taxes 3,920,610 JOD from the first nine months of 2013, a net decrease of 23.3%. Total assets of the company reached 47,406,983 JOD as of September 30^th, 2014, compared to total assets of 48,210,680 JOD as of December 31^st, 2013, a net decrease of 1.7%. Total liabilities of the company reached 11,648,365 JOD as of September 30^th, 2014, compared to total liabilities of 11,547,107 JOD as of December 31^st, 2013, a net increase of 0.9%. Net ownership equity of the company reached 35,758,618 JOD (including 5,711,432 JOD Non-controlling interest) as of September 30^th, 2014, compared with a net ownership equity of 36,663,573 JOD (including 5,949,269 JOD Non-controlling interest) as of December 31^st, 2013, a net decrease of 2.5% in the first nine months.