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Palestine Mortgage & Housing Corporation (PMHC) achieved a net income of $0.09 million for H1 2013

2013-08-12

According to Palestine Mortgage & Housing Corporation data for the first six months of the year, net profit after taxes reached 87,057 USD, compared with a net profit after taxes of 200,604 USD from the first six months of 2012, a net decrease of 56.6%. Total assets of the company reached 37,199,723 USD as of June 30th, 2013, compared to total assets of 37,530,033 USD as of December 31st, 2012, a net decrease of 0.9%. Total liabilities of the company reached 15,748,493 USD as of June 30th, 2013, compared to total liabilities of 16,057,190 USD as of December 31st, 2012, a net decrease of 1.9%. Net ownership equity of the company reached 21,451,230 USD as of June 30th, 2013, compared with a net ownership equity of 21,472,843 USD as of December 31st, 2012, a net decrease of 0.1% in the last six months.