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PICO posts net income of $5.51 million at the end of 2016

2017-02-15

According to the financial statements of Palestine Insurance Company PICO for the year 2016, Net profit after tax of the period reached 5,507,717 USD Compared with Net profit after tax 71,174 USD for 2015, a net increase in profit of 7638.38%.Total assets of the company reached 37,154,245 USD compared with total assets of 33,788,069 USD at the end of year 2015, a net increase of 9.96%.Total liabilities of the company reached 25,850,635 USD compared with total liabilities of 28,014,090 USD at the end of year 2015, a net decrease of 7.72%. Net ownership equity of the company reached 11,303,610 USD compared with total owner equity of 5,773,979 USD at the end of year 2015, a net increase of 95.77%.