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Palestine Development and Investment Company PADICO earns a pretax income of $10.909 million in the first quarter of 2010


Palestine development and Investment Company PADICO disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of $ 1.,909,000 comparing to $ 2,884,000 in the first quarter of 2009. The company’s assets reached $ 622,977,000 at the end 31/03/2010 after they reached $ 620,197,000 on 31/12/2009. Total liabilities reached $ 178,768,000 at the end of the first quarter of 2010 comparing to $ 190,492,000 as of 31/12/2009. Shareholders’ equity reached $ 444,191,000 on 31/03/2010 after they reached $429,705,000 at the end of 2009.


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