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PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17

According to the financial statements of Palestine Investment and Development PID for the 1st Quarter of 2020, Net Loss after tax of the period reached (523,700) JD Compared with Net profit after tax 345,468 JD for 2019.Total assets of the company reached 5,919,556 JD compared with total assets of 6,447,522 JD at the end of year 2019, a net decrease of 8.19%.Total liabilities of the company reached 3,149,295 JD compared with total liabilities of 3,153,561 JD at the end of year 2019, a net decrease of 0.13%. Net ownership equity of the company reached 2,770,261 JD compared with total owner equity of 3,293,961 JD at the end of year 2019, a net decrease of 15.90%.