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PADICO posts net income of $24.92 million in 2015

2016-02-16

According to the financial statements of Palestine Development and Investment Company PADICO for the year 2015, Net profit after tax of the period reached 24,918,000 USD Compared with Net profit after tax 19,195,000 USD for 2014, a net increase in profit of 29.82%.Total assets of the company reached 827,035,000 USD compared with total assets of 831,837,000 USD at the end of year 2014, a net decrease of 0.58%.Total liabilities of the company reached 280,858,000 USD compared with total liabilities of 296,664,000 USD at the end of year 2014, a net decrease of 5.32%. Net ownership equity of the company reached 546,177,000 USD (Including Non-Controlling Interests of 101,761,000 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 2.06%.