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APIC posts net income of $3.03 million in Q1 2016

2016-04-26

According to  the financial statements of the Arab Palestinian Investment Company APIC for Q1 2016, Net profit after tax of the period reached 3,030,034 USD Compared with Net profit after tax 2,633,820 USD for 2015, a net increase in profit of 15.04%.Total assets of the company reached 301,116,410 USD compared with total assets of 278,542,464 USD at the end of year 2015, a net increase of 8.10%.Total liabilities of the company reached 187,346,151 USD compared with total liabilities of 167,162,245 USD at the end of year 2015, a net increase of 12.07%. Net ownership equity of the company reached 113,770,259 USD (Including Non-Controlling Interests of 28,827,713 USD) compared with total owner equity of 111,380,219 USD (Including Non-Controlling Interests of 29,785,076 USD) at the end of year 2015, a net increase of 2.15%.