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PICO reports net income of $2.16 million in 9M 2017


According to the financial statements of  Palestine Insurance PICO for the first nine months of 2017, Net profit after tax of the period reached 2,157,921 USD Compared with Net profit after tax 1,625,790 USD for 2016, a net increase in profit of 32.73%.Total assets of the company reached 38,100,253 USD compared with total assets of 37,154,245 USD at the end of year 2016, a net increase of 2.55%.Total liabilities of the company reached 26,270,753 USD compared with total liabilities of 25,950,635 USD at the end of year 2016, a net increase of 1.23%. Net ownership equity of the company reached 11,829,500 USD compared with total owner equity of 11,203,610 USD at the end of year 2016, a net increase of 5.59%.Noting that paid-in capital increased from 5,000,000 USD in year 2016 to 6,000,000 USD of this year,a net increase of 20.00%


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