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APIC posts net income of $11.76 million in 9M 2018

2018-10-31

According to the financial statements of Arab Palestinian Investment Company APIC for the first nine months of 2018, Net profit after tax of the period reached 11,756,200 USD Compared with Net profit after tax 12,463,152 USD for 2017, a net decrease in profit of 5.67%.Total assets of the company reached 383,799,253 USD compared with total assets of 356,524,649 USD at the end of year 2017, a net increase of 7.65%.Total liabilities of the company reached 248,449,805 USD compared with total liabilities of 227,629,977 USD at the end of year 2017, a net increase of 9.14%. Net ownership equity of the company reached 135,349,448 USD (Including Non-Controlling Interests of 22,999,332 USD) compared with total owner equity of 128,894,672 USD (Including Non-Controlling Interests of 34,644,606 USD) at the end of year 2017, a net increase of 5.01%.Noting that paid-in capital increased from 70,000,000 USD in year 2017 to 82,000,000 USD of this year,a net increase of 17.14%