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APIC reports net income of $8.04 million at the end of the first half of 2018

2018-08-14

According to the financial statements of Arab Palestine Investment APIC for the first half of 2018, Net profit after tax of the period reached 8,043,059 USD Compared with Net profit after tax 7,874,277 USD for 2017, a net increase in profit of 2.14%.Total assets of the company reached 372,759,961 USD compared with total assets of 356,524,649 USD at the end of year 2017, a net increase of 4.55%.Total liabilities of the company reached 246,953,475 USD compared with total liabilities of 227,629,977 USD at the end of year 2017, a net increase of 8.48%. Net ownership equity of the company reached 125,806,486 USD (Including None-Controlling Interests of 32,492,468 USD) compared with total owner equity of 128,894,672 USD (Including None-Controlling Interests of 34,644,606 USD) at the end of year 2017, a net decrease of 2.40%.Noting that paid-in capital increased from 70,000,000 USD in year 2017 to 75,000,000 USD of this year,a net increase of 7.14%