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PIIC reports net income of JD0.18 million in Q1 2015

2015-04-30

According to Palestine Industrial Investment Company PIIC’s consolidated financial statements for Q1 2015, Net profit after tax of the period reached 182,818 JOD Compared with Net profit after tax 1,176,499 JOD for 2014, a net decrease in profit of 84.46%.Total assets of the company reached 47,685,282 JOD compared with total assets of 49,047,170 JOD at the end of year 2014, a net decrease of 2.78%.Total liabilities of the company reached 11,030,848 JOD compared with total liabilities of 12,071,341 JOD at the end of year 2014, a net decrease of 8.61%. Net ownership equity of the company reached 36,654,434 JOD (Including None-Controlling Interests of 7,630,104 JOD) compared with total owner equity of 36,975,829 JOD (Including None-Controlling Interests of 7,733,765 JOD) at the end of year 2014, a net decrease of 0.87%.