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PIIC reports net income of JD3.53 million in H1 2016

2016-08-14

According to Palestine Industrial Investment financial statements for first half of 2016, Net profit after tax of the period reached 3,530,450 JD Compared with Net profit after tax 1,963,920 JD for 2015, a net increase in profit of 79.77%.Total assets of the company reached 58,746,597 JD compared with total assets of 50,065,287 JD at the end of year 2015, a net increase of 17.34%.Total liabilities of the company reached 17,920,397 JD compared with total liabilities of 11,354,915 JD at the end of year 2015, a net increase of 57.82%. Net ownership equity of the company reached 40,826,200 JD (Including None-Controlling Interests of 8,062,476 JD) compared with total owner equity of 38,710,372 JD (Including None-Controlling Interests of 7,946,754 JD) at the end of year 2015, a net increase of 5.47%.