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PICO posts net income of $0.11 million in 9M 2019

2019-11-06

According to the financial statements of Palestine Insurance Company PICO for the first nine months of 2019, Net profit after tax of the period reached 114,179 USD Compared with Net Loss after tax (1,593,351) USD for 2018.Total assets of the company reached 44,766,425 USD compared with total assets of 38,435,970 USD at the end of year 2018, a net increase of 16.47%.Total liabilities of the company reached 35,676,182 USD compared with total liabilities of 30,100,223 USD at the end of year 2018, a net increase of 18.52%. Net ownership equity of the company reached 9,090,243 USD compared with total owner equity of 8,335,747 USD at the end of year 2018, a net increase of 9.05%.