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Palestine Industrial Investment Company earns a pretax income of JD1.298 million in the first quarter of 2010

2010-04-19

Palestine Industrial Investment Company (PIIC) disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of JD 1,298,441 comparing to JD 429,174 in the first quarter of 2009. The company’s assets reached JD 36,227,908 at the end 31/03/2010 after they reached JD 34,920,070 on 31/12/2009. Total liabilities reached JD 8,098,715 at the end of the first quarter of 2010 comparing to JD 8,413,576 as of 31/12/2009. Shareholders’ equity reached JD 28,129,193 (minority interests of JD 4,262,683) on 31/03/2010 after they reached JD26,506,494 (minority interests of JD 4,036,768) at the end of 2009.