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APIC posts net income of $37.94 million in 2021

2022-02-13

According to the financial statements of the Arab Palestinian Investment Company APIC for the year 2021, Net profit after tax of the period reached 37,939,894 USD Compared with Net profit after tax 24,642,723 USD for 2020, a net increase in profit of 53.96%.Total assets of the company reached 623,440,858 USD compared with total assets of 511,148,111 USD at the end of year 2020, a net increase of 21.97%.Total liabilities of the company reached 426,265,944 USD compared with total liabilities of 336,390,550 USD at the end of year 2020, a net increase of 26.71%. Net ownership equity of the company reached 197,174,914 USD (Including Non-Controlling Interests of 28,705,802 USD) compared with total owner equity of 174,757,561 USD (Including Non-Controlling Interests of 28,886,066 USD) at the end of year 2020, a net increase of 12.83%.Noting that paid-in capital increased from 95,000,000 USD in year 2020 to 105,000,000 USD of this year,a net increase of 10.53%.