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APIC reports net income of $15.95 million in 9M 2020

2020-10-25

According to the financial statements of the Arab Palestinian Investment Company APIC for the first nine months of 2020, Net profit after tax of the period reached 15,945,984 USD Compared with Net profit after tax 15,827,588 USD for 2019, a net increase in profit of 0.75%.Total assets of the company reached 489,641,908 USD compared with total assets of 432,880,321 USD at the end of year 2019, a net increase of 13.11%.Total liabilities of the company reached 323,506,676 USD compared with total liabilities of 275,037,305 USD at the end of year 2019, a net increase of 17.62%. Net ownership equity of the company reached 166,135,232 USD (Including Non-Controlling Interests of 27,971,963 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 5.25%.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%.