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PIIC records net income of JD5.50 million at the end of 2017

2018-02-18

According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2017, Net profit after tax of the period reached 5,502,721 JD Compared with Net profit after tax 4,826,901 JD for 2016, a net increase in profit of 14.00%.Total assets of the company reached 76,246,215 JD compared with total assets of 57,132,436 JD at the end of year 2016, a net increase of 33.46%.Total liabilities of the company reached 28,852,686 JD compared with total liabilities of 15,138,707 JD at the end of year 2016, a net increase of 90.58%. Net ownership equity of the company reached 47,393,529 JD (Including Non-Controlling Interests of 9,149,505 JD) compared with total owner equity of 41,993,729 JD (Including Non-Controlling Interests of 8,203,339 JD) at the end of year 2016, a net increase of 12.86%.