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PIIC records net income of JD7.80 million in 2021

2022-02-15

According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2021, Net profit after tax of the period reached 7,802,080 JD Compared with Net profit after tax 5,469,964 JD for 2020, a net increase in profit of 42.63%.Total assets of the company reached 105,024,090 JD compared with total assets of 90,098,101 JD at the end of year 2020, a net increase of 16.57%.Total liabilities of the company reached 33,736,302 JD compared with total liabilities of 31,660,706 JD at the end of year 2020, a net increase of 6.55%. Net ownership equity of the company reached 71,287,788 JD (Including Non-Controlling Interests of 14,768,673 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 increase of 21.99%.