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PIIC posts net income of JD1.79 million in Q1 2023

2023-05-16

According to the financial statements of Palestine Industrial Investment Company PIIC for the 1st Quarter of 2023, Net profit after tax of the period reached 1,790,912 JD Compared with Net profit after tax 2,289,597 JD for 2022, a net decrease in profit of 21.78%.Total assets of the company reached 104,968,619 JD compared with total assets of 101,616,991 JD at the end of year 2022, a net increase of 3.30%.Total liabilities of the company reached 37,584,831 JD compared with total liabilities of 34,756,714 JD at the end of year 2022, a net increase of 8.13%. Net ownership equity of the company reached 67,383,788 JD (Including Non-Controlling Interests of 13,333,095 JD) compared with total owner equity of 66,860,277 JD (Including Non-Controlling Interests of 13,322,191 JD) at the end of year 2022, a net increase of 0.78%.