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Palestine Securities Exchange: 4 companies disclose their semiannual results

2009-08-12

Ramallah- Palestine securities exchange received the revised semiannual financial results as of 30/06/2009 for the following companies: Alrafah Microfinance Bank (AMB), Arab Investors Company (ARAB), Union Construction & Investment Company (UCI) and Trust International Insurance Company (Trust). The applied disclosing system gives the listed companies a period of a month and a half to announce the financial results of the second quarter for the current year.  

Alrafah Microfinance Bank (AMB): The bank"s results indicated a net income of $ 1224450 comparing to $ 203395 in the first half of the year 2008. As for the company"s total assets on 30/06/2009 they reached $ 147932347 after they were $ 99938744 on 31/12/2008. Total liabilities reached $ 120192522 after they were $ 73448477 on 31/12/2008. Shareholders" equity rose from $ 26490267 on 31/12/2008 to reach $ 27739825 as of 30/06/2009. Arab Investors Company (ARAB): The Company"s results indicated a net loss of JD 4647 comparing to a net income of JD 9698 in the first half of the year 2008. As for the company"s total assets on 30/06/2009 they reached JD 7387950 after they were JD 7740521 on 31/12/2008. Total liabilities reached JD 297589 after they were JD 254896 on 31/12/2008. Shareholders" equity dropped from JD 7485625 on 31/12/2008 to reach JD 7090361 as of 30/06/2009. Union Construction & Investment Company (UCI): The Company"s results indicated a net income of $ 857734 comparing to an income of $ 3817198 in the first half of the year 2008. As for the company"s total assets on 30/06/2009 they reached $ 51560939 after they were $ 50726794 on 31/12/2008. Total liabilities reached $ 3579442 after they were $ 3527579 on 31/12/2008. Shareholders" equity rose from $ 47199215 on 31/12/2008 to reach $ 47981497 as of 30/06/2009. Trust International Insurance Company (Trust): The Company"s results indicated a net income of $ 682663 comparing to an income of $ 1402992 in the first half of the year 2008. As for the company"s total assets on 30/06/2009 they reached $ 51607313 after they were $ 52364286 on 31/12/2008. Total liabilities reached $ 33577029 after they were $ 31453176 on 31/12/2008. Shareholders" equity dropped from $ 20911110 on 31/12/2008 to reach $ 18030284 as of 30/06/2009