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APIC reports net income of $16.04 million at the end of 2018

2019-02-12

According to the financial statements of the Arab Palestinian Investment Company APIC for the year 2018, Net profit after tax of the period reached 16,042,967 USD Compared with Net profit after tax 17,461,978 USD for 2017, a net decrease in profit of 8.13%.Total assets of the company reached 383,484,288 USD compared with total assets of 357,074,579 USD at the end of year 2017, a net increase of 7.40%.Total liabilities of the company reached 244,469,288 USD compared with total liabilities of 227,629,977 USD at the end of year 2017, a net increase of 7.39%. Net ownership equity of the company reached 139,015,000 USD (Including Non-Controlling Interests of 23,457,394 USD) compared with total owner equity of 129,444,602 USD (Including Non-Controlling Interests of 34,753,403 USD) at the end of year 2017, a net increase of 7.39%. Noting that paid-in capital increased from 70,000,000 USD in year 2017 to 82,000,000 USD of this year, a net increase of 17.14%.