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PICO records net income of $0.32 million in Q1 2018

2018-05-02

According to the financial statements of Palestine Insurance PICO for the first quarter of 2018, Net profit after tax of the period reached 316,613 USD Compared with Net profit after tax 1,003,372 USD for 2017, a net decrease in profit of 68.45%.Total assets of the company reached 42,593,052 USD compared with total assets of 41,385,921 USD at the end of year 2017, a net increase of 2.92%.Total liabilities of the company reached 29,047,453 USD compared with total liabilities of 28,047,414 USD at the end of year 2017, a net increase of 3.56%. Net ownership equity of the company reached 13,545,599 USD compared with total owner equity of 13,338,507 USD at the end of year 2017, a net increase of 1.55%.