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APIC posts net income of $21.22 million in H1 2021

2021-08-12

According to the financial statements of the Arab Palestinian Investment Company APIC for the first half of 2021, Net profit after tax of the period reached 21,218,708 USD Compared with Net profit after tax 9,016,489 USD for 2020, a net increase in profit of 135.33%.Total assets of the company reached 603,473,401 USD compared with total assets of 511,148,111 USD at the end of year 2020, a net increase of 18.06%.Total liabilities of the company reached 422,130,199 USD compared with total liabilities of 336,390,550 USD at the end of year 2020, a net increase of 25.48%. Net ownership equity of the company reached 181,343,202 USD (Including Non-Controlling Interests of 27,688,894 USD) compared with total owner equity of 174,757,561 USD (Including Non-Controlling Interests of 28,886,066 USD) at the end of year 2020, a net increase of 3.77%.Noting that paid-in capital increased from 95,000,000 USD in year 2020 to 105,000,000 USD of this year,a net increase of 10.53%