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The Union Construction and Investments Co. (UCI) discloses its financial data for the first half of the year 2007
The Palestine Security Exchange received (UCI)’s audited financial statements as of 30/06/2007.The disclosure system established by each listed company grants a period of a month and a half to explain the data from the second quarter of this year. The disclosure was through the preparation of a semi-annual report including a disclosure model approved by the market. The dissemination of data was posted on the markets website at (www.p-s-e.com), in conjunction with the issuance of this statement, as was the distribution of data to securities companies in order to inform their clients. The Union Construction and Investment Company is the first listed company to disclose its investment financial data’s for the second quarter of this year. Recall that the company was listed in the market as of 21/01/2007.UCI’S data indicated its net profit before taxes was $600,472 and its assets amounted to $33,908,143, with liabilities of $104,620.Net shareholders right was 33, 803, 523, this began as of 01/07/2007.The disclosure of legal semi-annual financial statements through the preparation of the semi-annual report was done within 45 days. The system required the disclosure of the listed company’s file of financial statements during the month and a half after the end of the first half of the year audited by the external auditor. The models provided were a type of electronic disclosure in parallel with this report after it had been mobilized for the semi-annual period. Duly note that the data was made using the new version of 2.0 which has been used recently. It is incumbent on listed companies of the capital market to send a copy of its data to The Palestine Security Exchange Market.