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PADICO reports net income of $4.71 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Development and Investment PADICO for Q1 2017, Net profit after tax of the period reached 4,716,000 USD Compared with Net profit after tax 7,097,000 USD for 2016, a net decrease in profit of 33.55%.Total assets of the company reached 862,001,000 USD compared with total assets of 842,176,000 USD at the end of year 2016, a net increase of 2.35%.Total liabilities of the company reached 314,178,000 USD compared with total liabilities of 305,158,000 USD at the end of year 2016, a net increase of 2.95%. Net ownership equity of the company reached 547,823,000 USD (Including Non-Controlling Interests of 103,131,000 USD) compared with total owner equity of 537,018,000 USD (Including Non-Controlling Interests of 100,321,000 USD) at the end of year 2016, a net increase of 2.01%.