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PIIC posts JD1.44 million in H1 2020

2020-08-30

According to the financial statements of Palestine Industrial Investment PIIC for the first half of 2020, Net profit after tax of the period reached 1,444,975 JD Compared with Net profit after tax 2,672,272 JD for 2019, a net decrease in profit of 45.93%.Total assets of the company reached 85,635,929 JD compared with total assets of 84,494,905 JD at the end of year 2019, a net increase of 1.35%.Total liabilities of the company reached 35,522,164 JD compared with total liabilities of 31,423,406 JD at the end of year 2019, a net increase of 13.04%. Net ownership equity of the company reached 50,113,765 JD (Including Non-Controlling Interests of 10,675,479 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 5.57%.