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PIIC reports net income of JD1.15 million in Q1 2019

2019-04-30

According to the financial statements of Palestine Industrial Investment Company PIIC for the 1st Quarter of 2019, Net profit after tax of the period reached 1,150,998 JD Compared with Net profit after tax 1,512,688 JD for 2018, a net decrease in profit of 23.91%.Total assets of the company reached 79,177,885 JD compared with total assets of 74,101,047 JD at the end of year 2018, a net increase of 6.85%.Total liabilities of the company reached 31,268,269 JD compared with total liabilities of 28,461,748 JD at the end of year 2018, a net increase of 9.86%. Net ownership equity of the company reached 47,909,616 JD (Including Non-Controlling Interests of 8,767,248 JD) compared with total owner equity of 45,639,299 JD (Including Non-Controlling Interests of 7,825,640 JD) at the end of year 2018, a net increase of 4.97%.