PADICO Holding
PADICO
PADICO
Palestine Development & Investment Company (PADICO) posted its reviewed interim consolidated condensed results to the Palestine Exchange (PEX).
According to PADICO data for the first nine months of 2014, net profit after taxes reached $16.57 million, compared to $22.36 million from the same period of 2013, losing 25.9%.
The company’s total assets amounted to $820.47 million as at September 30, 2014, compared to $808.67 million by December 31, 2013, adding 1.5%. Total liabilities amounted to $293.65 million by September 30, 2014, compared to $288.10 million by December 31, 2013, gaining 1.9%.
PADICO’s net ownership equity stood at $526.82 million (including $99.31 million in non-controlling interest) as at September 30, 2014, compared to $520.57 million (including $101.72 million in non-controlling interest) as of December 31, 2013, registering a net increase of 1.2% in the first nine months.
According to PADICO data for the first nine months of 2014, net profit after taxes reached $16.57 million, compared to $22.36 million from the same period of 2013, losing 25.9%.
The company’s total assets amounted to $820.47 million as at September 30, 2014, compared to $808.67 million by December 31, 2013, adding 1.5%. Total liabilities amounted to $293.65 million by September 30, 2014, compared to $288.10 million by December 31, 2013, gaining 1.9%.
PADICO’s net ownership equity stood at $526.82 million (including $99.31 million in non-controlling interest) as at September 30, 2014, compared to $520.57 million (including $101.72 million in non-controlling interest) as of December 31, 2013, registering a net increase of 1.2% in the first nine months.
Source:
Mubasher
