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APIC posts net income of $5.10 million in Q1 2023

2023-05-16

According to the financial statements of the Arab Palestinian Investment Company APIC for the 1st Quarter of 2023, Net profit after tax of the period reached 5,101,200 USD Compared with Net profit after tax 11,140,131 USD for 2022, a net decrease in profit of 54.21%.Total assets of the company reached 731,014,634 USD compared with total assets of 742,629,628 USD at the end of year 2022, a net decrease of 1.56%.Total liabilities of the company reached 504,131,236 USD compared with total liabilities of 525,507,472 USD at the end of year 2022, a net decrease of 4.06%. Net ownership equity of the company reached 226,883,398 USD (Including Non-Controlling Interests of 32,886,457 USD) compared with total owner equity of 217,122,156 USD (Including Non-Controlling Interests of 31,236,060 USD) at the end of year 2022, a net increase of 4.50%.