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PIIC records net income of JD6.14 million in 2019

2020-02-16

According to the financial statements of Palestine Industrial Investment Company PIIC for the year 2019, Net profit after tax of the period reached 6,141,999 JD Compared with Net profit after tax 3,498,016 JD for 2018, a net increase in profit of 75.59%.Total assets of the company reached 84,619,162 JD compared with total assets of 74,101,047 JD at the end of year 2018, a net increase of 14.19%.Total liabilities of the company reached 30,536,440 JD compared with total liabilities of 28,461,748 JD at the end of year 2018, a net increase of 7.28%. Net ownership equity of the company reached 54,082,722 JD (Including Non-Controlling Interests of 10,470,178 JD) compared with total owner equity of 45,639,299 JD (Including Non-Controlling Interests of 7,825,640 JD) at the end of year 2018, a net increase of 18.50%.