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APIC posts net income of $1.60 million in H1 2024

2024-09-01

According to the financial statements of the Arab Palestinian Investment Company APIC for the first half of 2024, Net profit after tax of the period reached 1,595,202 USD Compared with Net profit after tax 12,342,805 USD for 2023, a net decrease in profit of 87.08%.Total assets of the company reached 795,703,297 USD compared with total assets of 797,870,595 USD at the end of year 2023, a net decrease of 0.27%.Total liabilities of the company reached 570,837,303 USD compared with total liabilities of 584,701,876 USD at the end of year 2023, a net decrease of 2.37%. Net ownership equity of the company reached 224,865,994 USD (Including Non-Controlling Interests of 37,782,866 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 increase of 5.49%.Noting that paid-in capital increased from 117,000,000 USD in year 2023 to 125,000,000 USD of this year,a net increase of 6.84%