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APIC posts net income of $9.02 million in H1 2020

2020-08-16

According to financial statements of the Arab Palestinian Investment Company APIC for the first half of 2020, Net profit after tax of the period reached 9,016,489 USD Compared with Net profit after tax 10,189,098 USD for 2019, a net decrease in profit of 11.51%.Total assets of the company reached 533,699,034 USD compared with total assets of 432,880,321 USD at the end of year 2019, a net increase of 23.29%.Total liabilities of the company reached 375,478,979 USD compared with total liabilities of 275,037,305 USD at the end of year 2019, a net increase of 36.51%. Net ownership equity of the company reached 158,220,055 USD (Including Non-Controlling Interests of 25,430,310 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 0.24%.Noting that paid-in capital increased from 89,000,000 USD in year 2019 to 95,000,000 USD of this year, a net increase of 6.74%.