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PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13

According to the financial statements of Palestine Industrial Investment Company PIIC for the 1st Quarter of 2020, Net profit after tax of the period reached 637,437 JD Compared with Net profit after tax 1,150,998 JD for 2019, a net decrease in profit of 44.62%.Total assets of the company reached 84,649,219 JD compared with total assets of 84,494,905 JD at the end of year 2019, a net increase of 0.18%.Total liabilities of the company reached 33,738,356 JD compared with total liabilities of 31,423,406 JD at the end of year 2019, a net increase of 7.36%. Net ownership equity of the company reached 50,910,863 JD (Including Non-Controlling Interests of 10,491,816 JD) compared with total owner equity of 53,071,499 JD (Including Non-Controlling Interests of 10,470,178 JD) at the end of year 2019, a net decrease of 4.07%.