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PICO posts net income of $0.48 million in 2019

2020-02-16

According to the financial statements of Palestine Insurance Company PICO for the year 2019, Net profit after tax of the period reached 483,568 USD Compared with Net Loss after tax (1,291,323) USD for 2018.Total assets of the company reached 48,207,473 USD compared with total assets of 38,435,970 USD at the end of year 2018, a net increase of 25.42%.Total liabilities of the company reached 38,010,814 USD compared with total liabilities of 30,100,223 USD at the end of year 2018, a net increase of 26.28%. Net ownership equity of the company reached 10,196,659 USD compared with total owner equity of 8,335,747 USD at the end of year 2018, a net increase of 22.32%.