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PICO records net income of $1.71 million in 9M 2021

2021-11-02

According to financial statements of Palestine Insurance Company PICO for the first nine months of 2021, Net profit after tax of the period reached 1,705,586 USD Compared with Net profit after tax 1,063,580 USD for 2020, a net increase in profit of 60.36%.Total assets of the company reached 79,894,707 USD compared with total assets of 64,354,911 USD at the end of year 2020, a net increase of 24.15%.Total liabilities of the company reached 65,700,676 USD compared with total liabilities of 51,913,717 USD at the end of year 2020, a net increase of 26.55%. Net ownership equity of the company reached 14,194,031 USD compared with total owner equity of 12,441,194 USD at the end of year 2020, a net increase of 14.09%.Noting that paid-in capital increased from 7,200,000 USD in year 2020 to 9,000,000 USD of this year,a net increase of 25.00%.