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APIC reports net income of $10.19 million in H1 2019

2019-08-21

According to the financial statements of the Arab Palestinian Investment Company APIC for the first half of 2019, Net profit after tax of the period reached 10,189,098 USD Compared with Net profit after tax 8,043,059 USD for 2018, a net increase in profit of 26.68%.Total assets of the company reached 412,312,108 USD compared with total assets of 383,135,481 USD at the end of year 2018, a net increase of 7.62%.Total liabilities of the company reached 269,913,894 USD compared with total liabilities of 243,731,645 USD at the end of year 2018, a net increase of 10.74%. Net ownership equity of the company reached 142,398,214 USD (Including Non-Controlling Interests of 23,280,644 USD) compared with total owner equity of 139,403,836 USD (Including Non-Controlling Interests of 23,516,218 USD) at the end of year 2018, a net increase of 2.15%.Noting that paid-in capital increased from 82,000,000 USD in year 2018 to 87,500,000 USD of this year,a net increase of 6.71%