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APIC posts net income of $12.34 million in H1 2023

2023-08-15

According to the financial statements of the Arab Palestinian Investment Company APIC for the first half of 2023, Net profit after tax of the period reached 12,342,805 USD Compared with Net profit after tax 20,376,719 USD for 2022, a net decrease in profit of 39.43%.Total assets of the company reached 755,993,912 USD compared with total assets of 742,629,628 USD at the end of year 2022, a net increase of 1.80%.Total liabilities of the company reached 541,300,912 USD compared with total liabilities of 525,507,472 USD at the end of year 2022, a net increase of 3.00%. Net ownership equity of the company reached 214,693,000 USD (Including Non-Controlling Interests of 27,991,122 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 decrease of 1.12%.Noting that paid-in capital increased from 112,000,000 USD in year 2022 to 117,000,000 USD of this year,a net increase of 4.46%