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PADICO posts net income of $8.65 million in H1 2024

2024-08-14

According to the financial statements of Palestine Development and Investment Company PADICO for the first half of 2024, Net profit after tax of the period reached 8,647,000 USD Compared with Net profit after tax 14,940,000 USD for 2023, a net decrease in profit of 42.12%.Total assets of the company reached 726,085,000 USD compared with total assets of 730,709,000 USD at the end of year 2023, a net decrease of 0.63%.Total liabilities of the company reached 334,122,000 USD compared with total liabilities of 334,783,000 USD at the end of year 2023, a net decrease of 0.19%. Net ownership equity of the company reached 391,963,000 USD (Including Non-Controlling Interests of 60,756,000 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 1.00%.