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PADICO posts net income of $12.13 million in 9M 2024

2024-11-13

According to the financial statements of Palestine Development & Investment Company PADICO for the first nine months of 2024, Net profit after tax of the period reached 12,133,000 USD Compared with Net profit after tax 8,070,000 USD for 2023, a net increase in profit of 50.35%.Total assets of the company reached 720,522,000 USD compared with total assets of 730,709,000 USD at the end of year 2023, a net decrease of 1.39%.Total liabilities of the company reached 329,542,000 USD compared with total liabilities of 334,783,000 USD at the end of year 2023, a net decrease of 1.56%. Net ownership equity of the company reached 390,980,000 USD (Including Non-Controlling Interests of 61,783,000 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 1.25%.