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PICO posts net income of $0.31 million in Q1 2021

2021-05-31

According to the financial statements of Palestine Insurance PICO for the 1st Quarter of 2021, Net profit after tax of the period reached 309,696 USD Compared with Net profit after tax 481,772 USD for 2020, a net decrease in profit of 35.72%.Total assets of the company reached 66,230,518 USD compared with total assets of 64,354,911 USD at the end of year 2020, a net increase of 2.91%.Total liabilities of the company reached 53,929,785 USD compared with total liabilities of 51,913,717 USD at the end of year 2020, a net increase of 3.88%. Net ownership equity of the company reached 12,300,733 USD compared with total owner equity of 12,441,194 USD at the end of year 2020, a net decrease of 1.13%.