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APIC posts net income of $31.37 million in 9M 2021

2021-11-01

According to the financial statements of the Arab Palestinian Investment Company APIC for the first nine months of 2021, Net profit after tax of the period reached 31,367,443 USD Compared with Net profit after tax 15,945,984 USD for 2020, a net increase in profit of 96.71%.Total assets of the company reached 601,321,833 USD compared with total assets of 511,148,111 USD at the end of year 2020, a net increase of 17.64%.Total liabilities of the company reached 407,602,691 USD compared with total liabilities of 336,390,550 USD at the end of year 2020, a net increase of 21.16%. Net ownership equity of the company reached 193,719,142 USD (Including Non-Controlling Interests of 29,249,075 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 10.85%.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%.