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PICO posts net income of $0.32 million in Q1 2024

2024-06-24

According to the financial statements  of Palestine Insurance Company PICO for the 1st Quarter of 2024, Net profit after tax of the period reached 319,820 USD Compared with Net profit after tax 1,055,545 USD for 2023, a net decrease in profit of 69.70%.Total assets of the company reached 68,292,014 USD compared with total assets of 66,569,565 USD at the end of year 2023, a net increase of 2.59%.Total liabilities of the company reached 55,788,911 USD compared with total liabilities of 54,112,921 USD at the end of year 2023, a net increase of 3.09%. Net ownership equity of the company reached 12,503,103 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 12,456,644 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2023, a net increase of 0.37%.