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PICO realizes net loss of $0.17 million in Q1 2016

2016-05-03

According to Palestine Insurance financial statements for 1st Quarter of 2016, Net Loss after tax of the period reached (169,563) USD Compared with Net profit after tax 211,631 USD for 2015.Total assets of the company reached 35,589,121 USD compared with total assets of 33,788,069 USD at the end of year 2015, a net increase of 5.33%.Total liabilities of the company reached 29,851,385 USD compared with total liabilities of 28,014,090 USD at the end of year 2015, a net increase of 6.55%. Net ownership equity of the company reached 5,737,736 USD compared with total owner equity of 5,773,979 USD at the end of year 2015, a net decrease of 0.63%.