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PICO records net income of $0.21 million in Q1 2015

2015-05-04

According to Palestine Insurance Company PICO’s consolidated data for the first three months of the year, net profit after taxes reached 211,631 USD, compared with a net profit after taxes of 110,820 USD from the first three months of 2014, a net increase of 91.0%. Total assets of the company reached 32,943,000 USD as of March 31st, 2015, compared to total assets of 32,587,161 USD as of December 31st, 2014, a net increase of 1.1%. Total liabilities of the company reached 27,127,931 USD as of March 31st, 2015, compared to total liabilities of 26,874,888 USD as of December 31st, 2014, a net increase of 0.9%. Net ownership equity of the company reached 5,815,069 USD as of March 31st, 2015, compared with a net ownership equity of 5,712,273 USD as of December 31st, 2014, a net increase of 1.8% in the first three months.


 

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