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PIIC posts net income of JD4.59 million in 9M 2016

2016-10-26

According to the financial statements of Palestine Industrial Investment Company PIIC for the first nine months of 2016, Net profit after tax of the period reached 4,589,881 JD Compared with Net profit after tax 3,656,812 JD for 2015, a net increase in profit of 25.52%.Total assets of the company reached 58,591,151 JD compared with total assets of 50,065,287 JD at the end of year 2015, a net increase of 17.03%.Total liabilities of the company reached 15,873,448 JD compared with total liabilities of 11,354,915 JD at the end of year 2015, a net increase of 39.79%. Net ownership equity of the company reached 42,717,703 JD (Including Non-Controlling Interests of 8,392,031 JD) compared with total owner equity of 38,710,372 JD (Including Non-Controlling Interests of 7,946,754 JD) at the end of year 2015, a net increase of 10.35%.