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APIC posts net income of $4.98 million in Q1 2019

2019-04-30

According to the financial statements of the Arab Palestinian Investment Company APIC for the 1st Quarter of 2019, Net profit after tax of the period reached 4,985,432 USD Compared with Net profit after tax 4,555,452 USD for 2018, a net increase in profit of 9.44%.Total assets of the company reached 376,694,812 USD compared with total assets of 383,135,481 USD at the end of year 2018, a net decrease of 1.68%.Total liabilities of the company reached 231,838,248 USD compared with total liabilities of 243,731,645 USD at the end of year 2018, a net decrease of 4.87%. Net ownership equity of the company reached 144,856,564 USD (Including None-Controlling Interests of 24,648,443 USD) compared with total owner equity of 139,403,836 USD (Including None-Controlling Interests of 23,516,218 USD) at the end of year 2018, a net increase of 3.91%.