Palestine Exchange: 2 listed companies disclose their interim financial statements for the First Half of 2017

2017-08-12
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Donia Al watan
 
The Palestine Exchange (PEX) received the interim financial statements for the First Half of 2017 from 2 listed companies.

THE VEGETABLE OIL INDUSTRIES

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from THE VEGETABLE OIL INDUSTRIES(VOIC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 3,386,538 JD Compared with Net profit after tax 2,587,956 JD for 2016, a net increase in profit of 30.86%.Total assets of the company reached 42,394,040 JD compared with total assets of 27,974,241 JD at the end of year 2016, a net increase of 51.55%.Total liabilities of the company reached 16,017,788 JD compared with total liabilities of 1,624,553 JD at the end of year 2016, a net increase of 885.98%. Net ownership equity of the company reached 26,376,252 JD compared with total owner equity of 26,349,688 JD at the end of year 2016, a net increase of 0.10%.

AL QUDS BANK

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from AL QUDS BANK(QUDS).

According to financial statements for first half of 2017, Net profit after tax of the period reached 6,132,533 USD Compared with Net profit after tax 4,149,446 USD for 2016, a net increase in profit of 47.79%.Total assets of the company reached 998,760,224 USD compared with total assets of 960,070,324 USD at the end of year 2016, a net increase of 4.03%.Total liabilities of the company reached 900,362,895 USD compared with total liabilities of 871,003,035 USD at the end of year 2016, a net increase of 3.37%. Net ownership equity of the company reached 98,397,329 USD compared with total owner equity of 89,067,289 USD at the end of year 2016, a net increase of 10.48%.Noting that paid-in capital increased from 61,050,000 USD in year 2016 to 68,376,000 USD of this year,a net increase of 12.00%
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