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PADICO posts net income of $5.07 million in 2020

2021-02-16

According to the financial statements of Palestine Development and Investment PADICO for the year 2020, Net profit after tax of the period reached 5,073,000 USD Compared with Net profit after tax 19,986,000 USD for 2019, a net decrease in profit of 74.62%.Total assets of the company reached 780,031,000 USD compared with total assets of 809,173,000 USD at the end of year 2019, a net decrease of 3.60%.Total liabilities of the company reached 330,456,000 USD compared with total liabilities of 338,722,000 USD at the end of year 2019, a net decrease of 2.44%. Net ownership equity of the company reached 449,575,000 USD (Including Non-Controlling Interests of 77,988,000 USD) compared with total owner equity of 470,451,000 USD (Including Non-Controlling Interests of 75,788,000 USD) at the end of year 2019, a net decrease of 4.44%.