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APIC posts net income of $27.44 million in 9M 2022

2022-11-16

According to the financial statements of the Arab Palestinian Investment Company APIC for the first nine months of 2022, Net profit after tax of the period reached 27,442,701 USD Compared with Net profit after tax 31,367,443 USD for 2021, a net decrease in profit of 12.51%.Total assets of the company reached 694,298,185 USD compared with total assets of 618,070,263 USD at the end of year 2021, a net increase of 12.33%.Total liabilities of the company reached 483,319,610 USD compared with total liabilities of 426,622,492 USD at the end of year 2021, a net increase of 13.28%. Net ownership equity of the company reached 210,978,575 USD (Including Non-Controlling Interests of 30,089,833 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 10.20%.Noting that paid-in capital increased from 105,000,000 USD in year 2021 to 112,000,000 USD of this year,a net increase of 6.67%