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PIIC posts net income of JD3.08 million in H1 2023

2023-08-17

According to the financial statements of Palestine Industrial Investment Company for the first half of 2023, Net profit after tax of the period reached 3,076,302 JD Compared with Net profit after tax 4,222,666 JD for 2022, a net decrease in profit of 27.15%.Total assets of the company reached 103,531,140 JD compared with total assets of 101,616,991 JD at the end of year 2022, a net increase of 1.88%.Total liabilities of the company reached 36,150,782 JD compared with total liabilities of 34,756,714 JD at the end of year 2022, a net increase of 4.01%. Net ownership equity of the company reached 67,380,358 JD (Including Non-Controlling Interests of 13,482,938 JD) compared with total owner equity of 66,860,277 JD (Including Non-Controlling Interests of 13,322,191 JD) at the end of year 2022, a net increase of 0.78%.