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PIIC reports net income of JD2.67 million in H1 2019

2019-08-25

According to the financial statements of Palestine Industrial Investment PIIC for the first half of 2019, Net profit after tax of the period reached 2,672,272 JD Compared with Net profit after tax 3,892,777 JD for 2018, a net decrease in profit of 31.35%.Total assets of the company reached 81,735,113 JD compared with total assets of 74,101,047 JD at the end of year 2018, a net increase of 10.30%.Total liabilities of the company reached 32,820,648 JD compared with total liabilities of 28,461,748 JD at the end of year 2018, a net increase of 15.31%. Net ownership equity of the company reached 48,914,465 JD (Including Non-Controlling Interests of 8,826,407 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 7.18%.