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PADICO realizes a net income of $40.06 million at the end of 2009

2010-02-15

Palestine development & investment (PADICO) announced its preliminary annual financial results as of 31/12/2009. The results indicate the following:

·         Net comprehensive income of USD 40.6 million with an increase rate of %80   

·         Total assets of USD 624.89 million with a growth rate of %16.56.

·         Total liabilities of USD 192.48 with an increase of % 27.50.

·         Total shareholders" equity of USD 432.41 million with a growth rate of %12.27.