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PID posts net income of JD0.04 million in 9M 2014

2014-10-27

According to Palestine Investment & Development Company PID’s data for the first nine months of the year, net profit after taxes reached 40,124 JOD, compared with a net profit after taxes of 46,682 JOD from the first nine months of 2013, a net decrease of 14.0%. Total assets of the company reached 3,048,438 JOD as of September 30^th, 2014, compared to total assets of 3,005,509 JOD as of December 31^st, 2013, a net increase of 1.4%. Total liabilities of the company reached 51,112 JOD as of September 30^th, 2014, compared to total liabilities of 48,307 JOD as of December 31^st, 2013, a net increase of 5.8%. Net ownership equity of the company reached 2,997,326 JOD as of September 30^th, 2014, compared with a net ownership equity of 2,957,202 JOD as of December 31^st, 2013, a net increase of 1.4% in the first nine months.