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PID realizes net loss of JD0.32 million in Q1 2022

2022-05-15

According to the financial statements of Palestine Development & Investment Company PID for the 1st Quarter of 2022, Net Loss after tax of the period reached (319,306) JD Compared with Net profit after tax 20,595 JD for 2021.Total assets of the company reached 4,963,171 JD compared with total assets of 5,247,406 JD at the end of year 2021, a net decrease of 5.42%.Total liabilities of the company reached 1,844,635 JD compared with total liabilities of 1,809,564 JD at the end of year 2021, a net increase of 1.93%. Net ownership equity of the company reached 3,118,536 JD compared with total owner equity of 3,437,842 JD at the end of year 2021, a net decrease of 9.29%.