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PICO posts net income of $0.35 million at the end of 2015

2016-02-03

According to the financial statements of Palestine Insurance Company PICO for year 2015, Net profit after tax of the period reached 352,408 USD Compared with Net profit after tax 2,504,279 USD for 2014, a net decrease in profit of 85.93%.Total assets of the company reached 33,788,069 USD compared with total assets of 32,587,161 USD at the end of year 2014, a net increase of 3.69%.Total liabilities of the company reached 27,733,577 USD compared with total liabilities of 26,874,888 USD at the end of year 2014, a net increase of 3.19%. Net ownership equity of the company reached 6,054,492 USD compared with total owner equity of 5,712,273 USD at the end of year 2014, a net increase of 5.99%.