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PADICO posts net income of $15.19 million in H1 2015

2015-08-16

According to Palestine Development and Investment Company PADICO’s  financial statements for the first half of 2015, Net profit after tax of the period reached 15,190,000 USD Compared with Net profit after tax 15,010,000 USD for 2014, a net increase in profit of 1.20%.Total assets of the company reached 830,148,000 USD compared with total assets of 831,837,000 USD at the end of year 2014, a net decrease of 0.20%.Total liabilities of the company reached 294,081,000 USD compared with total liabilities of 296,664,000 USD at the end of year 2014, a net decrease of 0.87%. Net ownership equity of the company reached 536,067,000 USD (Including Non-Controlling Interests of 101,463,000 USD) compared with total owner equity of 535,173,000 USD (Including Non-Controlling Interests of 101,595,000 USD) at the end of year 2014, a net increase of 0.17%.