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PADICO posts net income of $7.46 million in H1 2017

2017-08-16

According to  the financial statements of Palestine Development and Investment Company PADICO for first half of 2017, Net profit after tax of the period reached 7,459,000 USD Compared with Net profit after tax 13,523,000 USD for 2016, a net decrease in profit of 44.84%.Total assets of the company reached 866,508,000 USD compared with total assets of 842,176,000 USD at the end of year 2016, a net increase of 2.89%.Total liabilities of the company reached 331,667,000 USD compared with total liabilities of 305,158,000 USD at the end of year 2016, a net increase of 8.68%. Net ownership equity of the company reached 534,841,000 USD (Including Non-Controlling Interests of 101,306,000 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 decrease of 0.41%.