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Palestine Investment posts pretax income of JOD 0.007 mln for Q1

Palestine Investment posts pretax income of JOD 0.007 mln for Q1

Palestine Investment & Development Company's ( PID) net loss reached (7,117) JOD, compared with a net profit before tax of 13,950 JOD from the first three months of 2012.Total assets of the company reached 2,848,218 JOD as of March 31st, 2013, compared to total assets of 2,864,769 JOD as of December 31st, 2012, a net decrease of 0.6%. Total liabilities of the company reached 61,178 JOD as of March 31st, 2013, compared to total liabilities of 70,612 JOD as of December 31st, 2012, a net decrease of 13.4%. Net ownership equity of the company reached 2,787,040 JOD as of March 31st, 2013, compared with net ownership equity of 2,794,157 JOD as of December 31st, 2012, a net decrease of 0.3% in the first three months.