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PADICO records net income of $6.53 million in Q1 2018

2018-05-02

According to the financial statements of Palestine Development and Investment PADICO for the first quarter of 2018, Net profit after tax of the period reached 6,528,000 USD Compared with Net profit after tax 4,716,000 USD for 2017, a net increase in profit of 38.42%.Total assets of the company reached 814,440,000 USD compared with total assets of 841,186,000 USD at the end of year 2017, a net decrease of 3.18%.Total liabilities of the company reached 320,015,000 USD compared with total liabilities of 321,174,000 USD at the end of year 2017, a net decrease of 0.36%. Net ownership equity of the company reached 494,425,000 USD (Including Non-Controlling Interests of 101,669,000 USD) compared with total owner equity of 520,012,000 USD (Including Non-Controlling Interests of 99,057,000 USD) at the end of year 2017, a net decrease of 4.92%.