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PADICO posts net income of $18.79 million at the end of 2016

2017-02-16

According to the financial statements of Palestine Development and Investment Company PADICO for the year 2016, Net profit after tax of the period reached 18,789,000 USD Compared with Net profit after tax 24,982,000 USD for 2015, a net decrease in profit of 24.79%.Total assets of the company reached 842,573,000 USD compared with total assets of 822,066,000 USD at the end of year 2015, a net increase of 2.49%.Total liabilities of the company reached 305,661,000 USD compared with total liabilities of 276,702,000 USD at the end of year 2015, a net increase of 10.46%. Net ownership equity of the company reached 536,912,000 USD (Including Non-Controlling Interests of 100,212,000 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 decrease of 1.55%.