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APIC records net income of $15.83 million in 9M 2019

2019-10-31

According to the financial statements of the Arab Palestinian Investment Company APIC for the first nine months of 2019, Net profit after tax of the period reached 15,827,588 USD Compared with Net profit after tax 11,756,200 USD for 2018, a net increase in profit of 34.63%.Total assets of the company reached 424,766,921 USD compared with total assets of 383,135,481 USD at the end of year 2018, a net increase of 10.87%.Total liabilities of the company reached 273,217,868 USD compared with total liabilities of 243,731,645 USD at the end of year 2018, a net increase of 12.09%. Net ownership equity of the company reached 151,549,053 USD (Including Non-Controlling Interests of 24,408,019 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 8.71%.Noting that paid-in capital increased from 82,000,000 USD in year 2018 to 89,000,000 USD of this year,a net increase of 8.54%