Palestine Exchange: 3 listed companies disclose their interim financial statements for the First Half of 2017

2017-08-12
A- A+
Donia Al watan

The Palestine Exchange (PEX) received the interim financial statements for the First Half of 2017 from 3 listed companies.

ARAB COMPANY FOR PAINTS PRODUCTS

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from ARAB COMPANY FOR PAINTS PRODUCTS(APC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 699,507 JD Compared with Net profit after tax 703,324 JD for 2016, a net decrease in profit of 0.54%.Total assets of the company reached 6,135,811 JD compared with total assets of 5,618,267 JD at the end of year 2016, a net increase of 9.21%.Total liabilities of the company reached 2,170,324 JD compared with total liabilities of 1,837,076 JD at the end of year 2016, a net increase of 18.14%. Net ownership equity of the company reached 3,965,487 JD compared with total owner equity of 3,781,191 JD at the end of year 2016, a net increase of 4.87%.

AL MASHRIQ INSURANCE

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from AL MASHRIQ INSURANCE(MIC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 1,006,761 USD Compared with Net profit after tax 524,110 USD for 2016, a net increase in profit of 92.09%.Total assets of the company reached 39,549,965 USD compared with total assets of 33,567,131 USD at the end of year 2016, a net increase of 17.82%.Total liabilities of the company reached 31,079,202 USD compared with total liabilities of 25,397,432 USD at the end of year 2016, a net increase of 22.37%. Net ownership equity of the company reached 8,470,763 USD (Including None-Controlling Interests of 4,942,375 USD) compared with total owner equity of 8,169,699 USD (Including None-Controlling Interests of 4,864,030 USD) at the end of year 2016, a net increase of 3.69%.

PALESTINE ISLAMIC BANK

The Palestine Exchange (PEX) received the Unaudited interim financial statements for first half of 2017 from PALESTINE ISLAMIC BANK(ISBK).

According to financial statements for first half of 2017, Net profit after tax of the period reached 6,366,025 USD Compared with Net profit after tax 6,019,521 USD for 2016, a net increase in profit of 5.76%.Total assets of the company reached 920,932,811 USD compared with total assets of 809,082,569 USD at the end of year 2016, a net increase of 13.82%.Total liabilities of the company reached 819,587,763 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 713,773,730 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 14.82%. Net ownership equity of the company reached 101,345,048 USD compared with total owner equity of 95,308,839 USD at the end of year 2016, a net increase of 6.33%.Noting that paid-in capital increased from 62,500,000 USD in year 2016 to 69,000,000 USD of this year, a net increase of 10.40%.
Comments