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PIIC posts net income of JD6.12 million in 2022

2023-02-13

According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2022, Net profit after tax of the period reached 6,115,739 JD Compared with Net profit after tax 7,783,721 JD for 2021, a net decrease in profit of 21.43%.Total assets of the company reached 101,232,204 JD compared with total assets of 104,500,899 JD at the end of year 2021, a net decrease of 3.13%.Total liabilities of the company reached 34,589,849 JD compared with total liabilities of 33,365,370 JD at the end of year 2021, a net increase of 3.66%. Net ownership equity of the company reached 66,642,355 JD (Including Non-Controlling Interests of 13,333,881 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 decrease of 6.32%.