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BPC reports net income of $1.77 million in Q1 2015

2015-04-29

According to Birzeit Pharmaceuticals BPC’s data for the first three months of the year, net profit before taxes reached 1,769,881 USD, compared with a net profit before taxes of 1,422,803 USD from the first three months of 2014, a net increase of 24.4%. Total assets of the company reached 70,619,424 USD as of March 31^st, 2015, compared to total assets of 69,763,852 USD as of December 31^st, 2014, a net increase of 1.2%. Total liabilities of the company reached 15,610,162 USD as of March 31^st, 2015, compared to total liabilities of 16,509,344 USD as of December 31^st, 2014, a net decrease of 5.4%. Net ownership equity of the company reached 55,009,262 USD (including 286,763 USD in Non-controlling interest) as of March 31^st, 2015, compared with a net ownership equity of 53,254,508 USD (including 269,277 USD in Non-controlling interest) as of December 31^st, 2014, a net increase of 3.3% in the first three months.