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PADECO profits down 10% in 9M

PADECO profits down 10% in 9M
(Photo archive)
PADICO Holding
PADICO
0.96% 1.05 0.01

Mubasher: The unaudited financial results showed that Palestine Development and Investment's (PADECO) profits fell 7.3% in the third quarter of 2016.

Profits reached $6,260 in Q3-16 from $6,750 in Q3-15, according to a bourse filing on Wednesday.

The company's profits decreased 9.82% to $19,800 in the first nine months of 2016, compared to $21,940 in the year-ago period.