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APIC reports net income of $7.87 million in H1 2017

2017-08-13

According to the  financial statements of Arab Palestinian Investment company APIC for the first half of 2017, Net profit after tax of the period reached 7,874,277 USD Compared with Net profit after tax 6,277,858 USD for 2016, a net increase in profit of 25.43%.Total assets of the company reached 333,038,945 USD compared with total assets of 329,783,580 USD at the end of year 2016, a net increase of 0.99%.Total liabilities of the company reached 214,723,827 USD compared with total liabilities of 211,486,045 USD at the end of year 2016, a net increase of 1.53%. Net ownership equity of the company reached 118,315,118 USD (Including Non-controlling Interests of 31,849,265 USD) compared with total owner equity of 118,297,535 USD (Including Non-controlling Interests of 32,410,541 USD) at the end of year 2016, a net increase of 0.01%.Noting that paid-in capital increased from 66,000,000 USD in year 2016 to 70,000,000 USD of this year,a net increase of 6.06%