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Palestine Mortgage & Housing Corporation realizes a loss of $11 thousand in Q1 2011

2011-04-19

Palestine Mortgage & Housing Corporation PMHC disclosed its financial results for the first quarter of this year, where they indicated a loss of ($11,794) compared to an income of $25,925 in the first quarter of 2010. Total assets reached $38,116,740 on 31/03/2011 compared to $38,717,139 as of 31/12/2010. Total Liabilities amounted at $16,442,442 on 31/03/2011 after they reached $17,027,100 on 31/12/2010. Total shareholders’ equity settled at $21,674,299 at the end of the first quarter of 2011 compared to $21,690,039 at the end of 2010.