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PIIC records net income of JD1.70 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Industrial Investment PIIC for Q1 2017, Net profit after tax of the period reached 1,709,884 JD Compared with Net profit after tax 1,765,794 JD for 2016, a net decrease in profit of 3.17%.Total assets of the company reached 72,795,429 JD compared with total assets of 57,132,436 JD at the end of year 2016, a net increase of 27.42%.Total liabilities of the company reached 26,044,284 JD compared with total liabilities of 15,138,707 JD at the end of year 2016, a net increase of 72.03%. Net ownership equity of the company reached 46,751,145 JD (Including Non-Controlling Interests of 9,069,030 JD) compared with total owner equity of 41,993,729 JD (Including Non-Controlling Interests of 8,203,339 JD) at the end of year 2016, a net increase of 11.33%.