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PADICO posts net income of $19.73 million in 9M 2021

2021-11-01

According to the financial statements of Palestine Development and Investment PADICO for the first nine months of 2021, Net profit after tax of the period reached 19,728,000 USD Compared with Net profit after tax 2,211,000 USD for 2020, a net increase in profit of 792.27%.Total assets of the company reached 809,290,000 USD compared with total assets of 779,974,000 USD at the end of year 2020, a net increase of 3.76%.Total liabilities of the company reached 316,790,000 USD compared with total liabilities of 331,103,000 USD at the end of year 2020, a net decrease of 4.32%. Net ownership equity of the company reached 492,500,000 USD (Including Non-Controlling Interests of 83,515,000 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 9.72%.