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PADICO posts net income of $19.95 million in 9M 2022

2022-11-16

According to the financial statements of Palestine Development and Investment Company PADICO for the first nine months of 2022, Net profit after tax of the period reached 19,950,000 USD Compared with Net profit after tax 19,728,000 USD for 2021, a net increase in profit of 1.13%.Total assets of the company reached 786,948,000 USD compared with total assets of 808,052,000 USD at the end of year 2021, a net decrease of 2.61%.Total liabilities of the company reached 353,472,000 USD compared with total liabilities of 316,819,000 USD at the end of year 2021, a net increase of 11.56%. Net ownership equity of the company reached 433,476,000 USD (Including Non-Controlling Interests of 78,558,000 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 decrease of 11.76%.