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PIIC posts net income of JD3.20 million at the end of 2014

2015-02-15

According to Palestine Industrial Investment Company PIIC’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 3,204,272 JOD, compared with a net profit after tax of 4,171,227 JOD in the audited data for 2013, a net decrease of 23.2%. Total assets of the company reached 49,079,622 JOD as of December 31st , 2014, compared to total assets of 48,210,680 JOD as of December 31st, 2013, a net increase of 1.8%. Total liabilities of the company reached 12,071,341 JOD as of December 31st , 2014, compared to total liabilities of 11,547,107 JOD as of December 31st, 2013, a net increase of 4.5%. Net ownership equity of the company reached 37,008,281 JOD (including 7,733,765 JOD in Non-controlling interest) as of December 31st , 2014, compared with a net ownership equity of 36,663,573 JOD (including 5,949,269 JOD in Non-controlling interest) as of December 31st , 2013, a net increase of 0.9%.