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PADICO posts net income of $5.65 million in Q1 2015

2015-04-30

According to Palestine Development and Investment Company PADICO’s financial statements for the 1st Quarter of 2015, Net profit after tax of the period reached 5,652,000 USD Compared with Net profit after tax 7,333,000 USD for 2014, a net decrease in profit of 22.92%.Total assets of the company reached 828,408,000 USD compared with total assets of 831,837,000 USD at the end of year 2014, a net decrease of 0.41%.Total liabilities of the company reached 289,512,000 USD compared with total liabilities of 296,664,000 USD at the end of year 2014, a net decrease of 2.41%. Net ownership equity of the company reached 538,896,000 USD (Including None-Controlling Interests of 101,233,000 USD) compared with total owner equity of 535,173,000 USD (Including None-Controlling Interests of 101,595,000 USD) at the end of year 2014, a net increase of 0.70%.