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PID posts net income of JD0.11 million at the end of 2014

2015-02-15

According to Palestine Investment & Development Company PID’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 111,704 JOD, compared with a net profit after tax of 209,686 JOD in the audited data for 2013, a net decrease of 46.7%. Total assets of the company reached 3,121,778 JOD as of December 31st , 2014, compared to total assets of 3,005,509 JOD as of December 31st, 2013, a net increase of 3.9%. Total liabilities of the company reached 52,872 JOD as of December 31st , 2014, compared to total liabilities of 48,307 JOD as of December 31st, 2013, a net increase of 9.4%. Net ownership equity of the company reached 3,068,906 JOD as of December 31st , 2014, compared with a net ownership equity of 2,957,202 JOD as of December 31st , 2013, a net increase of 3.8%.