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APIC posts net income of $2.63 million in Q1 2015

2015-04-30

According to the Arab Palestinian Investment Company APIC’s consolidated company data for the first three months of the year, net profit after taxes reached 2,633,819 USD, compared with a net profit after taxes of 3,368,977 USD from the first three months of 2014, a net decrease of 21.8%. Total assets of the company reached 258,723,387 USD as of March 31st, 2015, compared to total assets of 250,909,979 USD as of December 31st, 2014, a net increase of 3.1%. Total liabilities of the company reached 151,107,171 USD as of March 31st, 2015, compared to total liabilities of 147,266,888 USD as of December 31st, 2014, a net increase of 2.6%. Net ownership equity of the company reached 107,616,216 USD (including 28,348,268 USD in Non-controlling interest) as of March 31st, 2015, compared with a net ownership equity of 103,643,091 USD (including 25,951,185 USD in Non-controlling interest) as of December 31st, 2014, a net increase of 3.8% in the first three months.