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PID posts net income of JD0.05 million in Q1 2023

2023-05-16

According to the financial statements of Palestine Investment and Development Company PID for the 1st Quarter of 2023, Net profit after tax of the period reached 48,490 JD Compared with Net Loss after tax (319,306) JD for 2022.Total assets of the company reached 4,380,012 JD compared with total assets of 5,798,262 JD at the end of year 2022, a net decrease of 24.46%.Total liabilities of the company reached 957,363 JD compared with total liabilities of 2,424,103 JD at the end of year 2022, a net decrease of 60.50%. Net ownership equity of the company reached 3,422,649 JD compared with total owner equity of 3,374,159 JD at the end of year 2022, a net increase of 1.44%.