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PIIC records net income of JD1.51 million in Q1 2018

2018-04-26

According to the financial statements of Palestine Industrial Investment PIIC for the first quarter of 2018, Net profit after tax of the period reached 1,512,688 JD Compared with Net profit after tax 1,709,884 JD for 2017, a net decrease in profit of 11.53%.Total assets of the company reached 81,277,699 JD compared with total assets of 76,694,510 JD at the end of year 2017, a net increase of 5.98%.Total liabilities of the company reached 29,049,575 JD compared with total liabilities of 28,756,763 JD at the end of year 2017, a net increase of 1.01%. Net ownership equity of the company reached 52,228,124 JD (Including Non-Controlling Interests of 9,275,238 JD) compared with total owner equity of 47,937,747 JD (Including Non-Controlling Interests of 9,148,478 JD) at the end of year 2017, a net increase of 8.95%.