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PADICO posts net income of $5.68 million at the end of 2017

2018-02-18

According to the financial statements of Palestine Development and Investment PADICO for the year 2017, Net profit after tax of the period reached 5,678,000 USD Compared with Net profit after tax 18,909,000 USD for 2016, a net decrease in profit of 69.97%.Total assets of the company reached 841,674,000 USD compared with total assets of 842,176,000 USD at the end of year 2016, a net decrease of 0.06%.Total liabilities of the company reached 321,633,000 USD compared with total liabilities of 305,158,000 USD at the end of year 2016, a net increase of 5.39%. Net ownership equity of the company reached 520,041,000 USD (Including Non-Controlling Interests of 98,937,000 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 decrease of 3.16%.