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PIIC reports net income of JD1.76 million in Q1 2016

2016-04-18

According to the financial statements of Palestine Industrial Investment Company PIIC for Q1 2016, Net profit after tax of the period reached 1,765,794 JD Compared with Net profit after tax 182,818 JD for 2015, a net increase in profit of 865.88%. Total assets of the company reached 57,179,122 JD compared with total assets of 50,065,287 JD at the end of year 2015, a net increase of 14.21%.Total liabilities of the company reached 15,762,467 JD compared with total liabilities of 11,354,915 JD at the end of year 2015, a net increase of 38.81%. Net ownership equity of the company reached 41,416,655 JD (Including Non-Controlling Interests of 8,565,974 JD) compared with total owner equity of 38,710,372 JD (Including Non-Controlling Interests of 7,946,754 JD) at the end of year 2015, a net increase of 6.99%.