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PICO reports net income of $4.79 million at the end of 2017


According to the financial statements of Palestine Insurance PICO for the year 2017, Net profit after tax of the period reached 4,797,569 USD Compared with Net profit after tax 5,407,457 USD for 2016, a net decrease in profit of 11.28%.Total assets of the company reached 39,229,103 USD compared with total assets of 37,154,245 USD at the end of year 2016, a net increase of 5.58%.Total liabilities of the company reached 24,484,255 USD compared with total liabilities of 25,950,635 USD at the end of year 2016, a net decrease of 5.65%. Net ownership equity of the company reached 14,744,848 USD compared with total owner equity of 11,203,610 USD at the end of year 2016, a net increase of 31.61%.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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