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PICO records net income of $0.41 million in H1 2018

2018-09-04

According to the financial statements of Palestine Insurance PICO for the first half of 2018, Net profit after tax of the period reached 412,832 USD Compared with Net profit after tax 2,125,887 USD for 2017, a net decrease in profit of 80.58%.Total assets of the company reached 40,411,341 USD compared with total assets of 41,385,921 USD at the end of year 2017, a net decrease of 2.35%.Total liabilities of the company reached 30,151,525 USD compared with total liabilities of 28,047,414 USD at the end of year 2017, a net increase of 7.50%. Net ownership equity of the company reached 10,259,816 USD compared with total owner equity of 13,338,507 USD at the end of year 2017, a net decrease of 23.08%.Noting that paid-in capital increased from 6,000,000 USD in year 2017 to 7,200,000 USD of this year,a net increase of 20.00%