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PADICO posts net income of $26.54 million in 2022

2023-02-15

According to the financial statements of Palestine Development and Investment Company PADICO for the year 2022, Net profit after tax of the period reached 26,535,000 USD Compared with Net profit after tax 24,035,000 USD for 2021, a net increase in profit of 10.40%.Total assets of the company reached 797,952,000 USD compared with total assets of 808,052,000 USD at the end of year 2021, a net decrease of 1.25%.Total liabilities of the company reached 353,339,000 USD compared with total liabilities of 316,819,000 USD at the end of year 2021, a net increase of 11.52%. Net ownership equity of the company reached 444,613,000 USD (Including Non-Controlling Interests of 78,401,000 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 9.49%.