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PRICO posts net income of JD0.48 million in Q1 2023

2023-05-17

According to the financial statements of Palestine Real Estate Investment Company PRICO for the 1st Quarter of 2023, Net profit after tax of the period reached 483,179 JD Compared with Net profit after tax 127,458 JD for 2022, a net increase in profit of 279.09%.Total assets of the company reached 78,562,108 JD compared with total assets of 75,148,217 JD at the end of year 2022, a net increase of 4.54%.Total liabilities of the company reached 39,313,636 JD compared with total liabilities of 36,611,653 JD at the end of year 2022, a net increase of 7.38%. Net ownership equity of the company reached 39,248,472 JD (Including Non-Controlling Interests of 4,727,560 JD) compared with total owner equity of 38,536,564 JD (Including Non-Controlling Interests of 4,695,326 JD) at the end of year 2022, a net increase of 1.85%.