send to a friend by email

APIC posts net income of $12.13 million at the end of 2016

2017-02-12

According to the financial statements of the Arab Palestinian Investment Company APIC for the year 2016, Net profit after tax of the period reached 12,131,145 USD Compared with Net profit after tax 12,408,232 USD for 2015, a net decrease in profit of 2.23%.Total assets of the company reached 335,604,855 USD compared with total assets of 278,542,464 USD at the end of year 2015, a net increase of 20.49%.Total liabilities of the company reached 215,668,067 USD compared with total liabilities of 167,162,245 USD at the end of year 2015, a net increase of 29.01%. Net ownership equity of the company reached 119,936,788 USD (Including Non-Controlling Interests of 32,784,484 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 7.68%.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%