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APIC reports net income of $11.14 million in Q1 2022

2022-05-15

According to the financial statements of the Arab Palestinian Investment Company APIC for the 1st Quarter of 2022, Net profit after tax of the period reached 11,140,131 USD Compared with Net profit after tax 8,312,070 USD for 2021, a net increase in profit of 34.02%.Total assets of the company reached 682,024,996 USD compared with total assets of 618,070,263 USD at the end of year 2021, a net increase of 10.35%.Total liabilities of the company reached 480,648,160 USD compared with total liabilities of 426,622,492 USD at the end of year 2021, a net increase of 12.66%. Net ownership equity of the company reached 201,376,836 USD (Including Non-Controlling Interests of 29,041,836 USD) compared with total owner equity of 191,447,771 USD (Including Non-Controlling Interests of 28,236,503 USD) at the end of year 2021, a net increase of 5.19%.