Palestine Exchange: 6 listed companies disclose their interim financial statements for the First Half of 2017

2017-08-13
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Donia Al watan

The Palestine Exchange (PEX) received the interim financial statements for the First Half of 2017 from 6 listed companies.

ARAB ISLAMIC BANK

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

According to financial statements for first half of 2017, Net profit after tax of the period reached 4,010,133 USD Compared with Net profit after tax 3,028,470 USD for 2016, a net increase in profit of 32.41%.Total assets of the company reached 940,948,521 USD compared with total assets of 791,442,161 USD at the end of year 2016, a net increase of 18.89%.Total liabilities of the company reached 838,194,411 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 716,387,308 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 17.00%. Net ownership equity of the company reached 102,754,110 USD compared with total owner equity of 75,209,854 USD at the end of year 2016, a net increase of 36.62%.Noting that paid-in capital increased from 50,000,000 USD in year 2016 to 73,735,444 USD of this year, a net increase of 47.47%.

AL SHARK ELECTRODE

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

According to financial statements for first half of 2017, Net profit after tax of the period reached 30,114 JD Compared with Net profit after tax 90,693 JD for 2016, a net decrease in profit of 66.80%.Total assets of the company reached 3,373,840 JD compared with total assets of 3,316,275 JD at the end of year 2016, a net increase of 1.74%.Total liabilities of the company reached 419,756 JD compared with total liabilities of 332,360 JD at the end of year 2016, a net increase of 26.29%. Net ownership equity of the company reached 2,954,084 JD compared with total owner equity of 2,983,915 JD at the end of year 2016, a net decrease of 1.00%.

NATIONAL ALUMINUM AND PROFILE – NAPCO

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from NATIONAL ALUMINUM AND PROFILE - NAPCO(NAPCO).

According to financial statements for first half of 2017, Net profit after tax of the period reached 178,775 JD Compared with Net Loss after tax (109,783) JD for 2016.Total assets of the company reached 24,402,285 JD compared with total assets of 22,862,765 JD at the end of year 2016, a net increase of 6.73%.Total liabilities of the company reached 13,862,712 JD compared with total liabilities of 12,501,967 JD at the end of year 2016, a net increase of 10.88%. Net ownership equity of the company reached 10,539,573 JD compared with total owner equity of 10,360,798 JD at the end of year 2016, a net increase of 1.73%.

ARAB PALESTINIAN INVESTMENT – APIC

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from ARAB PALESTINIAN INVESTMENT - APIC(APIC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 7,874,277 USD Compared with Net profit after tax 6,277,858 USD for 2016, a net increase in profit of 25.43%.Total assets of the company reached 333,038,945 USD compared with total assets of 329,783,580 USD at the end of year 2016, a net increase of 0.99%.Total liabilities of the company reached 214,723,827 USD compared with total liabilities of 211,486,045 USD at the end of year 2016, a net increase of 1.53%. Net ownership equity of the company reached 118,315,118 USD (Including None-Controlling Interests of 31,849,265 USD) compared with total owner equity of 118,297,535 USD (Including None-Controlling Interests of 32,410,541 USD) at the end of year 2016, a net increase of 0.01%.Noting that paid-in capital increased from 66,000,000 USD in year 2016 to 70,000,000 USD of this year,a net increase of 6.06%.

PALESTINE ELECTRIC

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from PALESTINE ELECTRIC(PEC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 5,248,917 USD Compared with Net profit after tax 8,382,558 USD for 2016, a net decrease in profit of 37.38%.Total assets of the company reached 104,237,663 USD compared with total assets of 99,904,886 USD at the end of year 2016, a net increase of 4.34%.Total liabilities of the company reached 19,984,977 USD compared with total liabilities of 14,901,117 USD at the end of year 2016, a net increase of 34.11%. Net ownership equity of the company reached 84,252,686 USD compared with total owner equity of 85,003,769 USD at the end of year 2016, a net decrease of 0.88%.

THE NATIONAL BANK

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from THE NATIONAL BANK(TNB).

According to financial statements for first half of 2017, Net profit after tax of the period reached 5,362,268 USD Compared with Net profit after tax 4,652,406 USD for 2016, a net increase in profit of 15.26%.Total assets of the company reached 1,169,255,551 USD compared with total assets of 957,088,864 USD at the end of year 2016, a net increase of 22.17%.Total liabilities of the company reached 1,075,303,279 USD compared with total liabilities of 864,593,301 USD at the end of year 2016, a net increase of 24.37%. Net ownership equity of the company reached 93,952,272 USD compared with total owner equity of 92,495,563 USD at the end of year 2016, a net increase of 1.57%.
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