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PIIC posts net income of JD5.41 million in 2020


According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2020, Net profit after tax of the period reached 5,412,433 JD Compared with Net profit after tax 5,092,780 JD for 2019, a net increase in profit of 6.28%.Total assets of the company reached 90,238,082 JD compared with total assets of 84,494,905 JD at the end of year 2019, a net increase of 6.80%.Total liabilities of the company reached 31,570,324 JD compared with total liabilities of 31,423,406 JD at the end of year 2019, a net increase of 0.46%. Net ownership equity of the company reached 58,667,758 JD (Including Non-Controlling Interests of 12,780,105 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 increase of 10.54%.



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