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PICO posts net income of $3.20 million in 2022

2023-02-15

According to the financial statements of Palestine Insurance Company PICO for the year 2022, Net profit after tax of the period reached 3,202,345 USD Compared with Net profit after tax 2,605,659 USD for 2021, a net increase in profit of 22.90%.Total assets of the company reached 90,285,379 USD compared with total assets of 83,129,848 USD at the end of year 2021, a net increase of 8.61%.Total liabilities of the company reached 74,938,667 USD compared with total liabilities of 67,572,582 USD at the end of year 2021, a net increase of 10.90%. Net ownership equity of the company reached 15,346,712 USD compared with total owner equity of 15,557,266 USD at the end of year 2021, a net decrease of 1.35%.