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APIC records net profits of $24.65 million at the end of 2020

2021-02-01

According to the financial statements of the Arab Palestinian Investment Company APIC for the year 2020, Net profit after tax of the period reached 24,653,786 USD Compared with Net profit after tax 21,851,351 USD for 2019, a net increase in profit of 12.83%.Total assets of the company reached 512,089,376 USD compared with total assets of 432,880,321 USD at the end of year 2019, a net increase of 18.30%.Total liabilities of the company reached 337,546,200 USD compared with total liabilities of 275,037,305 USD at the end of year 2019, a net increase of 22.72%. Net ownership equity of the company reached 174,543,176 USD (Including Non-Controlling Interests of 28,868,059 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 10.58%.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%.