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PICO posts net income of $0.33 million in 9M 2015

2015-10-29

According to the financial statements of Palestine Insurance Company PICO for the first nine months of 2015, Net profit after tax of the period reached 329,631 USD Compared with Net profit after tax 407,716 USD for 2014, a net decrease in profit of 19.15%.Total assets of the company reached 31,126,507 USD compared with total assets of 32,587,161 USD at the end of year 2014, a net decrease of 4.48%.Total liabilities of the company reached 25,162,970 USD compared with total liabilities of 26,874,888 USD at the end of year 2014, a net decrease of 6.36%. Net ownership equity of the company reached 5,963,537 USD compared with total owner equity of 5,712,273 USD at the end of year 2014, a net increase of 4.40%.