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PIIC records net income of JD1.96 million in H1 2015

2015-08-11

According to Palestine Industrial Investment Company PIIC’s financial statements for first half of 2015, Net profit after tax of the period reached 1,963,920 JD Compared with Net profit after tax 2,554,947 JD for 2014, a net decrease in profit of 23.13%.Total assets of the company reached 50,963,522 JD compared with total assets of 49,047,170 JD at the end of year 2014, a net increase of 3.91%.Total liabilities of the company reached 13,612,369 JD compared with total liabilities of 12,071,341 JD at the end of year 2014, a net increase of 12.76%. Net ownership equity of the company reached 37,351,153 JD (Including Non-Controlling Interests of 7,766,339 JD) compared with total owner equity of 36,975,829 JD (Including Non-Controlling Interests of 7,733,765 JD) at the end of year 2014, a net increase of 1.02%.