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PIIC posts net income of JD3.55 million at the end of 2018

2019-02-17

According to the financial statements of Palestine Industrial Investment PIIC for the year 2018, Net profit after tax of the period reached 3,547,770 JD Compared with Net profit after tax 5,504,548 JD for 2017, a net decrease in profit of 35.55%.Total assets of the company reached 74,368,588 JD compared with total assets of 76,694,510 JD at the end of year 2017, a net decrease of 3.03%.Total liabilities of the company reached 28,634,269 JD compared with total liabilities of 28,756,763 JD at the end of year 2017, a net decrease of 0.42%. Net ownership equity of the company reached 45,734,319 JD (Including Non-Controlling Interests of 7,825,995 JD) compared with total owner equity of 47,937,747 JD (Including Non-Controlling Interests of 9,148,478 JD) at the end of year 2017, a net decrease of 4.60%.