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PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17

According to the financial statements of Palestine Development and Investment PADICO for the 1st Quarter of 2020, Net Loss after tax of the period reached (520,000) USD Compared with Net profit after tax 15,853,000 USD for 2019.Total assets of the company reached 789,110,000 USD compared with total assets of 809,173,000 USD at the end of year 2019, a net decrease of 2.48%.Total liabilities of the company reached 342,018,000 USD compared with total liabilities of 338,722,000 USD at the end of year 2019, a net increase of 0.97%. Net ownership equity of the company reached 447,092,000 USD (Including Non-Controlling Interests of 74,615,000 USD) compared with total owner equity of 470,451,000 USD (Including Non-Controlling Interests of 75,788,000 USD) at the end of year 2019, a net decrease of 4.97%.