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PADICO posts net income of $16.05 million in 9M 2018

2018-11-04

According to the financial statements of  Palestine Development and Investment Company PADICO for the first nine months of 2018, Net profit after tax of the period reached 16,054,000 USD Compared with Net profit after tax 11,953,000 USD for 2017, a net increase in profit of 34.31%.Total assets of the company reached 845,177,000 USD compared with total assets of 841,186,000 USD at the end of year 2017, a net increase of 0.47%.Total liabilities of the company reached 353,104,000 USD compared with total liabilities of 321,174,000 USD at the end of year 2017, a net increase of 9.94%. Net ownership equity of the company reached 492,073,000 USD (Including Non-Controlling Interests of 98,576,000 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 5.37%.