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PICO records net income of $0.27 million in H1 2015

2015-08-17

According to Palestine Insurance Company PICO’s financial statements for the first half of 2015, Net profit after tax of the period reached 273,921 USD Compared with Net profit after tax 354,066 USD for 2014, a net decrease in profit of 22.64%.Total assets of the company reached 32,102,073 USD compared with total assets of 32,587,161 USD at the end of year 2014, a net decrease of 1.49%.Total liabilities of the company reached 25,961,237 USD compared with total liabilities of 26,874,888 USD at the end of year 2014, a net decrease of 3.39%. Net ownership equity of the company reached 6,140,836 USD compared with total owner equity of 5,712,273 USD at the end of year 2014, a net increase of 7.50%.