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PICO reports net income of $2.13 million in H1 2017

2017-08-14

According to the financial statements of Palestine Insurance PICO for the first half of 2017, Net profit after tax of the period reached 2,125,887 USD Compared with Net profit after tax 939,671 USD for 2016, a net increase in profit of 126.24%.Total assets of the company reached 40,689,660 USD compared with total assets of 37,154,245 USD at the end of year 2016, a net increase of 9.52%.Total liabilities of the company reached 28,738,182 USD compared with total liabilities of 25,950,635 USD at the end of year 2016, a net increase of 10.74%. Net ownership equity of the company reached 11,951,478 USD compared with total owner equity of 11,203,610 USD at the end of year 2016, a net increase of 6.68%.