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Palestine Development & Investment (PADICO) earns a pretax income of $29.94 million in the third quarter of 2010


Palestine Development & Investment (PADICO) disclosed its financial statements for the third quarter of 2010, and the company’s financial results as of 30/09/2010 indicated a pretax income of $ 29.94 million comparing to $ 31.99 million in the third quarter of 2009. The company’s assets reached $636.92 million at the end 30/09/2010 after they reached $620.20 million on 31/12/2009. Total liabilities reached $179.79 million at the end of the third quarter of 2010 comparing to $190.49 million as of 31/12/2009. Shareholders’ equity reached $ 457.13 million (minority interests of $62.25 million) on 30/09/2010 after they reached $ 429.70 million (minority interests of $67.46 million) at the end of 2009. 


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