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PICO reports net income of $1.00 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Insurance PICO for Q1 2017, Net profit after tax of the period reached 1,003,372 USD Compared with Net Loss after tax (169,563) USD for 2016.Total assets of the company reached 39,236,923 USD compared with total assets of 37,154,245 USD at the end of year 2016, a net increase of 5.61%.Total liabilities of the company reached 28,633,425 USD compared with total liabilities of 25,950,635 USD at the end of year 2016, a net increase of 10.33%. Net ownership equity of the company reached 10,603,498 USD compared with total owner equity of 11,203,610 USD at the end of year 2016, a net decrease of 5.36%.