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APIC posts net income of $9.43 million in 9M 2016

2016-10-31

According to the financial statements of the Arab Palestinian Investment Company APIC for the first nine months of 2016, Net profit after tax of the period reached 9,432,246 USD Compared with Net profit after tax 8,944,238 USD for 2015, a net increase in profit of 5.46%.Total assets of the company reached 327,443,882 USD compared with total assets of 278,542,464 USD at the end of year 2015, a net increase of 17.56%.Total liabilities of the company reached 210,651,348 USD compared with total liabilities of 167,162,245 USD at the end of year 2015, a net increase of 26.01%. Net ownership equity of the company reached 116,792,534 USD (Including Non-Controlling Interests of 31,949,911 USD) compared with total owner equity of 111,380,219 USD (Including Non-Controlling Interests of 29,785,076 USD) at the end of year 2015, a net increase of 4.86%.Noting that paid-in capital increased from 60,000,000 USD in year 2015 to 66,000,000 USD of this year,a net increase of 10.00%.