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APIC posts net income of $1.22 million in Q1 2024

2024-06-24

According to the financial statements of the Arab Palestinian Investment Company APIC for the 1st Quarter of 2024, Net profit after tax of the period reached 1,223,198 USD Compared with Net profit after tax 5,101,200 USD for 2023, a net decrease in profit of 76.02%.Total assets of the company reached 809,055,189 USD compared with total assets of 797,870,595 USD at the end of year 2023, a net increase of 1.40%.Total liabilities of the company reached 595,928,901 USD compared with total liabilities of 584,701,876 USD at the end of year 2023, a net increase of 1.92%. Net ownership equity of the company reached 213,126,288 USD (Including Non-Controlling Interests of 29,911,176 USD) compared with total owner equity of 213,168,719 USD (Including Non-Controlling Interests of 28,873,217 USD) at the end of year 2023, a net decrease of 0.02%.