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PICO posts net income of $1.62 million in 9M 2016


According to the financial statements of Palestine Insurance Company PICO for the first nine months of 2016, Net profit after tax of the period reached 1,625,790 USD Compared with Net profit after tax 329,631 USD for 2015, a net increase in profit of 393.22%.Total assets of the company reached 35,770,905 USD compared with total assets of 33,788,069 USD at the end of year 2015, a net increase of 5.87%.Total liabilities of the company reached 28,145,797 USD compared with total liabilities of 28,014,090 USD at the end of year 2015, a net increase of 0.47%. Net ownership equity of the company reached 7,625,108 USD compared with total owner equity of 5,773,979 USD at the end of year 2015, a net increase of 32.06%.


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