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PIIC posts net income of JD2.29 million in Q1 2022

2022-05-15

According to the financial statements of Palestine Industrial Investment Company PIIC for the 1st Quarter of 2022, Net profit after tax of the period reached 2,289,597 JD Compared with Net profit after tax 1,274,412 JD for 2021, a net increase in profit of 79.66%.Total assets of the company reached 105,182,672 JD compared with total assets of 104,500,899 JD at the end of year 2021, a net increase of 0.65%.Total liabilities of the company reached 33,837,735 JD compared with total liabilities of 33,365,370 JD at the end of year 2021, a net increase of 1.41%. Net ownership equity of the company reached 71,344,937 JD (Including Non-Controlling Interests of 14,850,741 JD) compared with total owner equity of 71,135,529 JD (Including Non-Controlling Interests of 14,768,673 JD) at the end of year 2021, a net increase of 0.29%.