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PID posts net income of JD0.02 million in Q1 2021

2021-05-31

According to the financial statements of Palestine Development and Investment Company PID for the 1st Quarter of 2021, Net profit after tax of the period reached 20,595 JD Compared with Net Loss after tax (523,700) JD for 2020.Total assets of the company reached 4,611,074 JD compared with total assets of 4,827,279 JD at the end of year 2020, a net decrease of 4.48%.Total liabilities of the company reached 2,084,914 JD compared with total liabilities of 2,321,714 JD at the end of year 2020, a net decrease of 10.19%. Net ownership equity of the company reached 2,526,160 JD compared with total owner equity of 2,505,565 JD at the end of year 2020, a net increase of 0.82%.