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APIC posts net income of $8.94 million in 9M 2015

2015-10-27

According to the financial statements of the Arab Palestinian Investment Company APIC for the first nine months of 2015, Net profit after tax of the period reached 8,944,238 USD Compared with Net profit after tax 9,578,081 USD for 2014, a net decrease in profit of 6.62%.Total assets of the company reached 261,078,740 USD compared with total assets of 250,909,979 USD at the end of year 2014, a net increase of 4.05%.Total liabilities of the company reached 154,496,074 USD compared with total liabilities of 147,266,888 USD at the end of year 2014, a net increase of 4.90%. Net ownership equity of the company reached 106,582,666 USD (Including Non-Controlling Interests of 28,881,240 USD) compared with total owner equity of 103,643,091 USD (Including Non-Controlling Interests of 25,951,185 USD) at the end of year 2014, a net increase of 2.84%.