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

2010-05-02

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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