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PADICO posts net income of $7.95 million in Q1 2022

2022-05-11

According to the financial statements of Palestine Development and Investment Company PADICO for the 1st Quarter of 2022, Net profit after tax of the period reached 7,953,000 USD Compared with Net profit after tax 6,677,000 USD for 2021, a net increase in profit of 19.11%.Total assets of the company reached 808,091,000 USD compared with total assets of 808,052,000 USD at the end of year 2021, a net increase of 0.00%.Total liabilities of the company reached 314,877,000 USD compared with total liabilities of 316,819,000 USD at the end of year 2021, a net decrease of 0.61%. Net ownership equity of the company reached 493,214,000 USD (Including Non-Controlling Interests of 84,641,000 USD) compared with total owner equity of 491,233,000 USD (Including Non-Controlling Interests of 85,279,000 USD) at the end of year 2021, a net increase of 0.40%.

 


 

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