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PIIC posts net income of JD5.44 million in 2023

2024-02-20

According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2023, Net profit after tax of the period reached 5,443,594 JD Compared with Net profit after tax 6,146,871 JD for 2022, a net decrease in profit of 11.44%.Total assets of the company reached 108,128,412 JD compared with total assets of 101,616,991 JD at the end of year 2022, a net increase of 6.41%.Total liabilities of the company reached 37,937,789 JD compared with total liabilities of 34,756,714 JD at the end of year 2022, a net increase of 9.15%. Net ownership equity of the company reached 70,190,623 JD (Including Non-Controlling Interests of 14,378,482 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 4.98%.