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PADICO posts net income of $11.95 million in 9M 2017

2017-11-01

According to the financial statements of  Palestine Development  and Investment Company PADICO  for the first nine months of 2017, Net profit after tax of the period reached 11,953,000 USD Compared with Net profit after tax 19,782,000 USD for 2016, a net decrease in profit of 39.58%.Total assets of the company reached 860,227,000 USD compared with total assets of 842,176,000 USD at the end of year 2016, a net increase of 2.14%.Total liabilities of the company reached 323,051,000 USD compared with total liabilities of 305,158,000 USD at the end of year 2016, a net increase of 5.86%. Net ownership equity of the company reached 537,176,000 USD (Including Non-Controlling Interests of 100,629,000 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 increase of 0.03%.