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PADICO posts net income of $6.68 million in Q1 2021

2021-06-01

According to the financial statements of Palestine Development and Investment PADICO for the 1st Quarter of 2021, Net profit after tax of the period reached 6,677,000 USD Compared with Net Loss after tax (520,000) USD for 2020.Total assets of the company reached 783,419,000 USD compared with total assets of 779,974,000 USD at the end of year 2020, a net increase of 0.44%.Total liabilities of the company reached 332,092,000 USD compared with total liabilities of 331,103,000 USD at the end of year 2020, a net increase of 0.29%. Net ownership equity of the company reached 451,327,000 USD (Including Non-Controlling Interests of 76,850,000 USD) compared with total owner equity of 448,871,000 USD (Including Non-Controlling Interests of 77,456,000 USD) at the end of year 2020, a net increase of 0.55%.