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PADICO posts net income of $5.78 million in Q1 2024

2024-05-16

According to financial statements of Palestine Development and Investment Company PADICO for the 1st Quarter of 2024, Net profit after tax of the period reached 5,783,000 USD Compared with Net profit after tax 8,902,000 USD for 2023, a net decrease in profit of 35.04%.Total assets of the company reached 731,102,000 USD compared with total assets of 730,709,000 USD at the end of year 2023, a net increase of 0.05%.Total liabilities of the company reached 335,520,000 USD compared with total liabilities of 334,783,000 USD at the end of year 2023, a net increase of 0.22%. Net ownership equity of the company reached 395,582,000 USD (Including Non-Controlling Interests of 62,155,000 USD) compared with total owner equity of 395,926,000 USD (Including Non-Controlling Interests of 62,690,000 USD) at the end of year 2023, a net decrease of 0.09%.