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PICO posts net income of $0.41 million in 9M 2014

2014-11-02

According to Palestine Insurance Company PICO’s consolidated data for the first nine months of the year, net profit after taxes reached 407,716 USD, compared with a net profit after taxes of 59,545 USD from the first nine months of 2013, a net increase of 584.7%. Total assets of the company reached 31,454,600 USD as of September 30^th, 2014, compared to total assets of 32,349,449 USD as of December 31^st, 2013, a net decrease of 2.8%. Total liabilities of the company reached 27,478,385 USD as of September 30^th, 2014, compared to total liabilities of 28,543,367 USD as of December 31^st, 2013, a net decrease of 3.7%. Net ownership equity of the company reached 3,976,215 USD as of September 30^th, 2014, compared with a net ownership equity of 3,806,082 USD as of December 31^st, 2013, a net increase of 4.5% in the first nine months.