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APIC records net income of $3.57 million in Q1 2017

2017-04-25

According to the financial statements of the Arab Palestinian Investment APIC for Q1 2017, Net profit after tax of the period reached 3,570,619 USD Compared with Net profit after tax 3,030,034 USD for 2016, a net increase in profit of 17.84%.Total assets of the company reached 328,882,883 USD compared with total assets of 329,783,580 USD at the end of year 2016, a net decrease of 0.27%.Total liabilities of the company reached 208,697,977 USD compared with total liabilities of 211,486,045 USD at the end of year 2016, a net decrease of 1.31%. Net ownership equity of the company reached 120,184,906 USD (Including None-Controlling Interests of 32,557,336 USD) compared with total owner equity of 118,297,535 USD (Including None-Controlling Interests of 32,410,541 USD) at the end of year 2016, a net increase of 1.60%.