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PICO posts net income of $0.27 million in Q1 2025

2025-05-15

According to the financial statements  of Palestine Insurance company PICO for the 1st Quarter of 2025, Net profit after tax of the period reached 269,783 USD Compared with Net profit after tax 319,820 USD for 2024, a net decrease in profit of 15.65%.Total assets of the company reached 56,658,485 USD compared with total assets of 58,005,751 USD at the end of year 2024, a net decrease of 2.32%.Total liabilities of the company reached 41,766,004 USD compared with total liabilities of 43,181,860 USD at the end of year 2024, a net decrease of 3.27%. Net ownership equity of the company reached 14,892,481 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 14,823,891 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2024, a net increase of 0.46%.