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APIC reports net income of $12.46 million in 9M 2017

2017-10-25

According to the financial statements of Arab Palestinian Investment company APIC for the first nine months of 2017, Net profit after tax of the period reached 12,463,152 USD Compared with Net profit after tax 9,432,246 USD for 2016, a net increase in profit of 32.13%.Total assets of the company reached 347,795,763 USD compared with total assets of 329,783,580 USD at the end of year 2016, a net increase of 5.46%.Total liabilities of the company reached 224,900,430 USD compared with total liabilities of 211,486,045 USD at the end of year 2016, a net increase of 6.34%. Net ownership equity of the company reached 122,895,333 USD (Including Non-Controlling Interests of 33,231,895 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 3.89%.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%