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PID realizes net loss of JD0.65 million in 9M 2019

2019-11-06

According to the financial statements of Palestine Investment and Development Company PID for the first nine months of 2019, Net Loss after tax of the period reached (653,955) JD Compared with Net profit after tax 36,702 JD for 2018.Total assets of the company reached 6,640,555 JD compared with total assets of 7,276,310 JD at the end of year 2018, a net decrease of 8.74%.Total liabilities of the company reached 3,752,049 JD compared with total liabilities of 3,249,807 JD at the end of year 2018, a net increase of 15.45%. Net ownership equity of the company reached 2,888,506 JD compared with total owner equity of 4,026,503 JD at the end of year 2018, a net decrease of 28.26%.