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PMHC records net income of $0.23 million in 2013

2014-02-09

According to Palestine Mortgage & Housing Corporation data for year-end preliminary financial statements for year 2013, net profit after taxes reached 228,406 USD, compared with a net profit after taxes of 452,691 USD in the audited data for 2012, a net decrease of 49.5%. Total assets of the company reached 42,356,804 USD as of December 31^st, 2013, compared to total assets of 37,530,033 USD as of December 31^st, 2012, a net increase of 12.9%. Total liabilities of the company reached 20,780,869 USD as of December 31^st, 2013, compared to total liabilities of 16,057,190 USD as of December 31^st, 2012, a net increase of 29.4%. Net ownership equity of the company reached 21,575,935 USD as of December 31^st, 2013, compared with a net ownership equity of 21,472,843 USD as of December 31^st, 2012, a net increase of 0.5%.