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APIC posts net income of $6.60 million in H1 2015

2015-08-13

According to the Arab Palestinian Investment Company APIC’s financial statements for first half of 2015, Net profit after tax of the period reached 6,599,273 USD Compared with Net profit after tax 7,799,324 USD for 2014, a net decrease in profit of 15.39%.Total assets of the company reached 261,173,186 USD compared with total assets of 250,909,979 USD at the end of year 2014, a net increase of 4.09%.Total liabilities of the company reached 156,362,773 USD compared with total liabilities of 147,266,888 USD at the end of year 2014, a net increase of 6.17%. Net ownership equity of the company reached 104,810,413 USD (Including Non-Controlling Interests of 28,491,160 USD) compared with total owner equity of 103,643,091 USD (Including Non-Controlling Interests of 25,951,185 USD) at the end of year 2014, a net increase of 1.13%.