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APIC reports net income of $17.44 million at the end of 2017

2018-02-11

According to the financial statements of Arab Palestinian Investment APIC for year 2017, Net profit after tax of the period reached 17,444,936 USD Compared with Net profit after tax 11,944,419 USD for 2016, a net increase in profit of 46.05%.Total assets of the company reached 355,111,334 USD compared with total assets of 329,783,580 USD at the end of year 2016, a net increase of 7.68%.Total liabilities of the company reached 226,636,153 USD compared with total liabilities of 211,486,045 USD at the end of year 2016, a net increase of 7.16%. Net ownership equity of the company reached 128,475,181 USD (Including Non-Controlling Interests of 34,652,691 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 8.60%.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%.