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PADICO realizes net loss of $19.34 million in 2023

2024-03-03

According to the financial statements of Palestine Development and Investment Company PADICO for the year 2023, Net Loss after tax of the period reached (19,343,000) USD Compared with Net profit after tax 26,320,000 USD for 2022.Total assets of the company reached 730,385,000 USD compared with total assets of 797,455,000 USD at the end of year 2022, a net decrease of 8.41%.Total liabilities of the company reached 334,179,000 USD compared with total liabilities of 352,793,000 USD at the end of year 2022, a net decrease of 5.27%. Net ownership equity of the company reached 396,206,000 USD (Including Non-Controlling Interests of 62,885,000 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 10.90%.