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PADICO posts net income of $15.85 million in Q1 2019

2019-05-02

According to the  financial statements of Palestine Development and Investment Company PADICO for the 1st Quarter of 2019, Net profit after tax of the period reached 15,853,000 USD Compared with Net profit after tax 6,528,000 USD for 2018, a net increase in profit of 142.85%.Total assets of the company reached 824,853,000 USD compared with total assets of 838,021,000 USD at the end of year 2018, a net decrease of 1.57%.Total liabilities of the company reached 357,656,000 USD compared with total liabilities of 361,507,000 USD at the end of year 2018, a net decrease of 1.06%. Net ownership equity of the company reached 467,197,000 USD (Including Non-Controlling Interests of 72,562,000 USD) compared with total owner equity of 476,514,000 USD (Including Non-Controlling Interests of 93,696,000 USD) at the end of year 2018, a net decrease of 1.96%.