Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

$26 Million in profits for PADICO in September

2007-11-01

$26 Million in profits for PADICO in September

 

Munib Almasri the Company board chairman of PADICO   yesterday announced that the company"s net profits amounted to $ 26 million in the first nine months of this year, compared to about 38 million in the corresponding period of last year. He said in a statement received by "Alayyam" that this does not include the share of the profits "PADICO" of the profits of subsidiaries, which are estimated at about 3 million. He described the results of the Company for the third quarter of the year as "good as it showed financial statements that have been audited by auditors that the legal gross revenues for the first nine months of the current year amounted to 34.26 million, with total assets at end of period 9,034million and total liabilities 5,108 million dollars in total shareholders rights 4,322 million dollars.”
He said that "PADCIO" and its subsidiaries and allies "play a leading role in local and foreign investment, according to a strategy and action plans for development and reconstruction, in all sectors of industrial, commercial, agricultural and others, will work to complete its role in building infrastructure and development sectors of energy, transportation, water and other sectors , as part of the group employs money in the financial markets such as Saudi Arabia, the UAE, Kuwait, Qatar, Egypt, Morocco, Jordan and other promising markets and developing countries, and has directed investment towards global markets and international. " Almasri added: In the light of global attention currently the Palestinian cause through international conferences convened by the Quartet and the Arab and international support for the vision of the political and economic Palestinian, the group hopes to have a strong investment climate and attract foreign investments with greater freedom of movement for people and goods to enable access to the regional markets of neighboring, then begins the general economic improvement, and resume private development and investment plans are accelerated.
He said that the resumption of international institutions and donor countries to support several small development projects, agricultural and securing loans, during the second half of the year 2007, will enable the government to resume the payment of salaries of the public sector, and the payment of some benefits the private sector and support new projects.
Almasri stated: any political breakthrough will be clearly apparent on the performance of companies in the remainder of the year 2007 and the coming years, adding that "PADICO" will focus its efforts in the coming period to provide funding for the implementation of vital projects and development in Palestine.
Turning to the market witnessed Palestine Securities; recently, from the high turnout of the global investment companies and investment funds, "We expect increased investor interest in the global market Palestinian promising. Accordingly, the group "PADICO" is currently preparing for presentations and meetings for investment in strategic investors Arab and foreign countries. "
Also, he said that "PADICO" pay special attention to investment in the city of Jerusalem, where contacts with local and outside investors for the establishment of a fund for real estate investment in the city.


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013