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PIIC records net income of JD4.85 million at the end of 2016

2017-02-19

According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2016, Net profit after tax of the period reached 4,851,951 JD Compared with Net profit after tax 4,106,638 JD for 2015, a net increase in profit of 18.15%.Total assets of the company reached 57,150,944 JD compared with total assets of 50,065,287 JD at the end of year 2015, a net increase of 14.15%.Total liabilities of the company reached 15,132,204 JD compared with total liabilities of 11,354,915 JD at the end of year 2015, a net increase of 33.26%. Net ownership equity of the company reached 42,018,740 JD (Including Non-Controlling Interests of 8,217,196 JD) compared with total owner equity of 38,710,372 JD (Including Non-Controlling Interests of 7,946,754 JD) at the end of year 2015, a net increase of 8.55%.