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PADICO posts net income of $7.09 million in Q1 2016

2016-05-03

According to Palestine Development and Investment's financial statements for 1st Quarter of 2016, Net profit after tax of the period reached 7,097,000 USD Compared with Net profit after tax 5,652,000 USD for 2015, a net increase in profit of 25.57%.Total assets of the company reached 829,063,000 USD compared with total assets of 822,066,000 USD at the end of year 2015, a net increase of 0.85%.Total liabilities of the company reached 278,628,000 USD compared with total liabilities of 276,702,000 USD at the end of year 2015, a net increase of 0.69%. Net ownership equity of the company reached 550,435,000 USD (Including None-Controlling Interests of 102,975,000 USD) compared with total owner equity of 545,364,000 USD (Including None-Controlling Interests of 101,799,000 USD) at the end of year 2015, a net increase of 0.93%.