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PMHC achieves net income of $0.22 million in 9M 2013

2013-10-10

According to Palestine Mortgage & Housing Corporation Company (PMHC)’s data for the first nine months of the year, net profit after taxes reached 219,921 USD, compared with a net profit after taxes of 352,425 USD from the first nine months of 2012, a net decrease of 37.6%. Total assets of the company reached 42,144,459 USD as of September 30th, 2013, compared to total assets of 37,530,033 USD as of December 31st, 2012, a net increase of 12.3%. Total liabilities of the company reached 20,555,047 USD as of September 30th, 2013, compared to total liabilities of 16,057,190 USD as of December 31st, 2012, a net increase 28.0%. Net ownership equity of the company reached 21,589,412 USD as of September 30th, 2013, compared with a net ownership equity of 21,472,843 USD as of December 31st, 2012, a net increase of 0.5% in the first nine months.