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APIC posts net income of $30.52 million in 2022

2023-02-15

According to the financial statements of the Arab Palestinian Investment Company APIC for the year 2022, Net profit after tax of the period reached 30,517,272 USD Compared with Net profit after tax 37,939,909 USD for 2021, a net decrease in profit of 19.56%.Total assets of the company reached 741,532,099 USD compared with total assets of 618,070,263 USD at the end of year 2021, a net increase of 19.98%.Total liabilities of the company reached 525,760,393 USD compared with total liabilities of 426,622,492 USD at the end of year 2021, a net increase of 23.23%. Net ownership equity of the company reached 215,771,706 USD (Including Non-Controlling Interests of 30,882,207 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 12.71%.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%