send to a friend by email

APIC records net income of $22.33 million at the end of 2019

2020-01-30

According to financial statements of the Arab Palestinian Investment Company APIC for the year 2019, net profit after tax of the period reached 22,331,295 USD Compared with Net profit after tax 16,038,336 USD for 2018, a net increase in profit of 39.24%.Total assets of the company reached 432,416,450 USD compared with total assets of 383,135,481 USD at the end of year 2018, a net increase of 12.86%.Total liabilities of the company reached 273,815,334 USD compared with total liabilities of 243,731,645 USD at the end of year 2018, a net increase of 12.34%. Net ownership equity of the company reached 158,601,116 USD (Including Non-Controlling Interests of 25,576,901 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 13.77%.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%.