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PICO posts net income of $0.94 million in H1 2016


According to the financial statements of Palestine Insurance Company PICO for the first half of 2016, Net profit after tax of the period reached 939,671 USD Compared with Net profit after tax 273,921 USD for 2015, a net increase in profit of 243.04%.Total assets of the company reached 34,709,953 USD compared with total assets of 33,788,069 USD at the end of year 2015, a net increase of 2.73%.Total liabilities of the company reached 27,959,384 USD compared with total liabilities of 28,014,090 USD at the end of year 2015, a net decrease of 0.19%. Net ownership equity of the company reached 6,750,569 USD compared with total owner equity of 5,773,979 USD at the end of year 2015, a net increase of 16.91%.


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