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

2017-08-16

According to the financial statements of Palestine Industrial Investment PIIC for the first half of 2017, Net profit after tax of the period reached 3,329,072 JD Compared with Net profit after tax 3,530,450 JD for 2016, a net decrease in profit of 5.70%.Total assets of the company reached 75,892,869 JD compared with total assets of 57,132,436 JD at the end of year 2016, a net increase of 32.84%.Total liabilities of the company reached 30,044,788 JD compared with total liabilities of 15,138,707 JD at the end of year 2016, a net increase of 98.46%. Net ownership equity of the company reached 45,848,081 JD (Including Non-Controlling Interests of 8,925,316 JD) compared with total owner equity of 41,993,729 JD (Including Non-Controlling Interests of 8,203,339 JD) at the end of year 2016, a net increase of 9.18%.