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PADICO posts net income of $19.78 million in 9M 2016

2016-11-01

According to the financial statements of Palestine Development and Investment Company PADICO for the first nine months of 2016, Net profit after tax of the period reached 19,782,000 USD Compared with Net profit after tax 21,936,000 USD for 2015, a net decrease in profit of 9.82%.Total assets of the company reached 853,529,000 USD compared with total assets of 822,066,000 USD at the end of year 2015, a net increase of 3.83%.Total liabilities of the company reached 305,510,000 USD compared with total liabilities of 276,702,000 USD at the end of year 2015, a net increase of 10.41%. Net ownership equity of the company reached 548,019,000 USD (Including Non-Controlling Interests of 101,607,000 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 increase of 0.49%.