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PIIC posts net income of JD1.27 million in Q1 2021

2021-06-01

According to financial statement of Palestine Industrial Investment Company PIIC for the 1st Quarter of 2021, Net profit after tax of the period reached 1,274,412 JD Compared with Net profit after tax 637,437 JD for 2020, a net increase in profit of 99.93%.Total assets of the company reached 88,887,394 JD compared with total assets of 90,098,101 JD at the end of year 2020, a net decrease of 1.34%.Total liabilities of the company reached 31,473,070 JD compared with total liabilities of 31,660,706 JD at the end of year 2020, a net decrease of 0.59%. Net ownership equity of the company reached 57,414,324 JD (Including Non-Controlling Interests of 12,906,261 JD) compared with total owner equity of 58,437,395 JD (Including Non-Controlling Interests of 12,780,106 JD) at the end of year 2020, a net decrease of 1.75%.