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PPIC Board to convene over results

PPIC Board to convene over results
Palestine Plastic Industries Co (PPIC) has scheduled its Board meeting to be held on Monday, December 22, to review its financial results for the period ended November 30, 2014, according to the Palestine Exchange (PEX).

It is worth mentioning that PPIC reported a net loss at JOD 311.22 THD during the first nine months of 2014, compared to JOD 266.38 THD in the same period a year earlier, a net increase in loss of 16.8%.

The Company's capital amounts to about JOD 7 million, distributed on 7 million shares at JOD 1 par value each. It operates within the materials sector focusing on paper packaging.

Photo Credit: Arabianeye-Reuters