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PADICO posts net income of $14.94 million in H1 2023

2023-08-15

According to the financial statements of Palestine Development & Investment Company PADICO for the first half of 2023, Net profit after tax of the period reached 14,940,000 USD Compared with Net profit after tax 14,899,000 USD for 2022, a net increase in profit of 0.28%.Total assets of the company reached 793,347,000 USD compared with total assets of 797,455,000 USD at the end of year 2022, a net decrease of 0.52%.Total liabilities of the company reached 354,227,000 USD compared with total liabilities of 352,793,000 USD at the end of year 2022, a net increase of 0.40%. Net ownership equity of the company reached 439,120,000 USD (Including Non-Controlling Interests of 76,771,000 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 decrease of 1.25%.