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PADICO records net income of $15.57 million at the end of 2018

2019-02-18

According to the financial statements of Palestine Development and Investment PADICO  for the year 2018, Net profit after tax of the period reached 15,570,000 USD Compared with Net profit after tax 4,964,000 USD for 2017, a net increase in profit of 213.66%.Total assets of the company reached 840,680,000 USD compared with total assets of 841,186,000 USD at the end of year 2017, a net decrease of 0.06%.Total liabilities of the company reached 363,325,000 USD compared with total liabilities of 321,174,000 USD at the end of year 2017, a net increase of 13.12%. Net ownership equity of the company reached 477,355,000 USD (Including Non-Controlling Interests of 94,015,000 USD) compared with total owner equity of 520,012,000 USD (Including Non-Controlling Interests of 99,057,000 USD) at the end of year 2017, a net decrease of 8.20%.