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APIC posts $5.12 million net income in Q1 2020

2020-05-05

According to the financial statements of the Arab Palestinian Investment Company APIC for the 1st Quarter of 2020, Net profit after tax of the period reached 5,118,365 USD Compared with Net profit after tax 4,985,432 USD for 2019, a net increase in profit of 2.67%.Total assets of the company reached 450,374,852 USD compared with total assets of 432,880,321 USD at the end of year 2019, a net increase of 4.04%.Total liabilities of the company reached 287,035,193 USD compared with total liabilities of 275,037,305 USD at the end of year 2019, a net increase of 4.36%. Net ownership equity of the company reached 163,339,659 USD (Including Non-Controlling Interests of 26,460,633 USD) compared with total owner equity of 157,843,016 USD (Including Non-Controlling Interests of 24,955,801 USD) at the end of year 2019, a net increase of 3.48%.