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PRICO posts net income of JD0.31 million in Q1 2016


According to Palestine Real Estate Investment financial statements for 1st Quarter of 2016, Net profit after tax of the period reached 307,345 JD Compared with Net profit after tax 832,788 JD for 2015, a net decrease in profit of 63.09%.Total assets of the company reached 120,788,917 JD compared with total assets of 122,165,288 JD at the end of year 2015, a net decrease of 1.13%.Total liabilities of the company reached 42,488,537 JD compared with total liabilities of 43,922,085 JD at the end of year 2015, a net decrease of 3.26%. Net ownership equity of the company reached 78,300,380 JD (Including None-Controlling Interests of 2,164,364 JD) compared with total owner equity of 78,243,203 JD (Including None-Controlling Interests of 2,172,028 JD) at the end of year 2015, a net increase of 0.07%.


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