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PMHC posts net income of $0.36 million in 9M 2014

2014-10-27

According to Palestine Mortgage & Housing Corporation Company PMHC’s condensed data for the first nine months of the year, net profit after taxes reached 361,567 USD, compared with a net profit after taxes of 219,921 USD from the first nine months of 2013, a net increase of 64.4%. Total assets of the company reached 41,289,811 USD as of September 30^th, 2014, compared to total assets of 42,356,804 USD as of December 31^st, 2013, a net decrease of 2.5%. Total liabilities of the company reached 20,177,584 USD as of September 30^th, 2014, compared to total liabilities of 20,792,935 USD as of December 31^st, 2013, a net decrease 3.0%. Net ownership equity of the company reached 21,112,227 USD as of September 30^th, 2014, compared with a net ownership equity of 21,563,869 USD as of December 31^st, 2013, a net decrease of 2.1% in the first nine months.