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PADICO posts net income of $13.52 million in H1 2016


According to the financial statements of Palestine Development and Investment Company PADICO for the first half of 2016, Net profit after tax of the period reached 13,523,000 USD Compared with Net profit after tax 15,190,000 USD for 2015, a net decrease in profit of 10.97%.Total assets of the company reached 831,116,000 USD compared with total assets of 822,066,000 USD at the end of year 2015, a net increase of 1.10%.Total liabilities of the company reached 290,131,000 USD compared with total liabilities of 276,702,000 USD at the end of year 2015, a net increase of 4.85%. Net ownership equity of the company reached 540,985,000 USD (Including Non-Controlling Interests of 100,919,000 USD) compared with total owner equity of 545,364,000 USD (Including Non-Controlling Interests of 101,799,000 USD) at the end of year 2015, a net decrease of 0.80%.


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