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PADICO posts net income of $8.90 million in Q1 2023

2023-05-16

According to the financial statements of Palestine Development and Investment Company PADICO for the 1st Quarter of 2023, Net profit after tax of the period reached 8,902,000 USD Compared with Net profit after tax 7,953,000 USD for 2022, a net increase in profit of 11.93%.Total assets of the company reached 815,195,000 USD compared with total assets of 797,455,000 USD at the end of year 2022, a net increase of 2.22%.Total liabilities of the company reached 365,554,000 USD compared with total liabilities of 352,793,000 USD at the end of year 2022, a net increase of 3.61%. Net ownership equity of the company reached 449,641,000 USD (Including Non-Controlling Interests of 77,447,000 USD) compared with total owner equity of 444,662,000 USD (Including Non-Controlling Interests of 78,259,000 USD) at the end of year 2022, a net increase of 1.12%.