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APIC posts net income of $6.28 million in H1 2016

2016-08-15

According to the financial statements of the Arab Palestinian Investment Company APIC for the first half of 2016, Net profit after tax of the period reached 6,277,858 USD Compared with Net profit after tax 6,599,273 USD for 2015, a net decrease in profit of 4.87%.Total assets of the company reached 317,388,126 USD compared with total assets of 278,542,464 USD at the end of year 2015, a net increase of 13.95%.Total liabilities of the company reached 203,829,730 USD compared with total liabilities of 167,162,245 USD at the end of year 2015, a net increase of 21.93%. Net ownership equity of the company reached 113,558,396 USD (Including Non-Controlling Interests of 30,999,982 USD) compared with total owner equity of 111,380,219 USD (Including Non-Controlling Interests of 29,785,076 USD) at the end of year 2015, a net increase of 1.96%.Noting that paid-in capital increased from 60,000,000 USD in year 2015 to 66,000,000 USD of this year,a net increase of 10.00%.