Palestine Exchange: 12 listed companies disclose their interim financial statements for the First Half of 2017

2017-08-15
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 Donia Al watan

The Palestine Exchange (PEX) received the interim financial statements for the First Half of 2017 from 12 listed companies.

SANAD CONSTRUCTION RESOURSES

According to financial statements for first half of 2017, Net profit after tax of the period reached 6,009,860 USD. Assets of the company reached 133,884,887 USD. Total liabilities of the company reached49,596,925  USD. Net ownership equity of the company reached 84,287,962 USD.

NABLUS SURGICAL CENTER

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from NABLUS SURGICAL CENTER(NSC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 125,084 JD Compared with Net profit after tax 204,034 JD for 2016, a net decrease in profit of 38.69%.Total assets of the company reached 11,259,370 JD compared with total assets of 10,382,417 JD at the end of year 2016, a net increase of 8.45%.Total liabilities of the company reached 6,352,235 JD compared with total liabilities of 5,282,585 JD at the end of year 2016, a net increase of 20.24%. Net ownership equity of the company reached 4,907,135 JD compared with total owner equity of 5,099,832 JD at the end of year 2016, a net decrease of 3.78%.

AL-TAKAFUL PALESTINIAN INSURANCE

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from AL-TAKAFUL PALESTINIAN INSURANCE(TIC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 1,326,703 USD Compared with Net profit after tax 315,606 USD for 2016, a net increase in profit of 320.37%.Total assets of the company reached 52,060,673 USD compared with total assets of 42,424,694 USD at the end of year 2016, a net increase of 22.71%.Total liabilities of the company reached 37,261,565 USD compared with total liabilities of 30,947,269 USD at the end of year 2016, a net increase of 20.40%. Net ownership equity of the company reached 14,799,108 USD compared with total owner equity of 11,477,425 USD at the end of year 2016, a net increase of 28.94%.

PALAQAR FOR REAL ESTATE DEVELOPMENT & MANAGEMENT

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from PALAQAR FOR REAL ESTATE DEVELOPMENT & MANAGEMENT (PALAQAR).

According to financial statements for first half of 2017, Net profit after tax of the period reached 68,065 JD Compared with Net profit after tax 200,138 JD for 2016, a net decrease in profit of 65.99%.Total assets of the company reached 3,836,001 JD compared with total assets of 3,277,633 JD at the end of year 2016, a net increase of 17.04%.Total liabilities of the company reached 2,193,532 JD compared with total liabilities of 1,703,229 JD at the end of year 2016, a net increase of 28.78%. Net ownership equity of the company reached 1,642,469 JD compared with total owner equity of 1,574,404 JD at the end of year 2016, a net increase of 4.32%.

JERUSALEM REAL ESTATE INVESTMENT

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from JERUSALEM REAL ESTATE INVESTMENT(JREI).

According to financial statements for first half of 2017, Net Loss after tax of the period reached (170,387) USD Compared with Net Loss after tax (534,286) USD for 2016, a net decrease in loss of 68.11%.Total assets of the company reached 11,232,861 USD compared with total assets of 11,257,134 USD at the end of year 2016, a net decrease of 0.22%.Total liabilities of the company reached 3,508,055 USD compared with total liabilities of 3,559,558 USD at the end of year 2016, a net decrease of 1.44%. Net ownership equity of the company reached 7,724,806 USD compared with total owner equity of 7,697,576 USD at the end of year 2016, a net increase of 0.35%.

THE NATIONAL CARTON INDUSTRY

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from THE NATIONAL CARTON INDUSTRY(NCI).

According to financial statements for first half of 2017, Net profit after tax of the period reached 148,730 USD Compared with Net profit after tax 215,066 USD for 2016, a net decrease in profit of 30.84%.Total assets of the company reached 8,010,827 USD compared with total assets of 6,796,805 USD at the end of year 2016, a net increase of 17.86%.Total liabilities of the company reached 2,023,333 USD compared with total liabilities of 1,150,867 USD at the end of year 2016, a net increase of 75.80%. Net ownership equity of the company reached 5,987,494 USD compared with total owner equity of 5,645,938 USD at the end of year 2016, a net increase of 6.05%.

PALESTINE PLASTIC INDUSTRIES

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from PALESTINE PLASTIC INDUSTRIES(LADAEN).

According to financial statements for first half of 2017, Net Loss after tax of the period reached (50,800) JD Compared with Net Loss after tax (38,385) JD for 2016, a net increase in loss of 32.34%.Total assets of the company reached 1,181,741 JD compared with total assets of 1,214,468 JD at the end of year 2016, a net decrease of 2.69%.Total liabilities of the company reached 658,354 JD compared with total liabilities of 640,281 JD at the end of year 2016, a net increase of 2.82%. Net ownership equity of the company reached 523,387 JD compared with total owner equity of 574,187 JD at the end of year 2016, a net decrease of 8.85%.Noting that paid-in capital decreased from 7,000,000 JD in year 2016 to 700,000 JD of this year,a net decrease of 90.00%.

PALESTINE INVESTMENT BANK

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

According to financial statements for first half of 2017, Net profit after tax of the period reached 1,966,860 USD Compared with Net profit after tax 1,425,596 USD for 2016, a net increase in profit of 37.97%.Total assets of the company reached 383,459,816 USD compared with total assets of 352,712,692 USD at the end of year 2016, a net increase of 8.72%.Total liabilities of the company reached 301,462,535 USD compared with total liabilities of 272,673,693 USD at the end of year 2016, a net increase of 10.55%. Net ownership equity of the company reached 81,997,281 USD compared with total owner equity of 80,038,999 USD at the end of year 2016, a net increase of 2.45%.Noting that paid-in capital increased from 59,600,000 USD in year 2016 to 61,000,000 USD of this year, a net increase of 2.35%.

PALESTINE INDUSTRIAL INVESTMENT

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

According to financial statements for first half of 2017, Net profit after tax of the period reached 3,329,072 JD Compared with Net profit after tax 3,530,450 JD for 2016, a net decrease in profit of 5.70%.Total assets of the company reached 75,892,869 JD compared with total assets of 57,132,436 JD at the end of year 2016, a net increase of 32.84%.Total liabilities of the company reached 30,044,788 JD compared with total liabilities of 15,138,707 JD at the end of year 2016, a net increase of 98.46%. Net ownership equity of the company reached 45,848,081 JD (Including None-Controlling Interests of 8,925,316 JD) compared with total owner equity of 41,993,729 JD (Including None-Controlling Interests of 8,203,339 JD) at the end of year 2016, a net increase of 9.18%.

PALESTINE POULTRY

The Palestine Exchange (PEX) received the Audited interim financial statements for first half of 2017 from PALESTINE POULTRY(AZIZA).

According to financial statements for first half of 2017, Net profit after tax of the period reached 2,203,867 JD Compared with Net profit after tax 2,572,731 JD for 2016, a net decrease in profit of 14.34%.Total assets of the company reached 39,503,074 JD compared with total assets of 32,962,365 JD at the end of year 2016, a net increase of 19.84%.Total liabilities of the company reached 11,587,810 JD compared with total liabilities of 7,604,656 JD at the end of year 2016, a net increase of 52.37%. Net ownership equity of the company reached 27,915,264 JD compared with total owner equity of 25,357,709 JD at the end of year 2016, a net increase of 10.09%.

PALESTINE INVESTMENT & DEVELOPMENT

The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2017 from PALESTINE INVESTMENT & DEVELOPMENT(PID).

According to financial statements for first half of 2017, Net Loss after tax of the period reached (34,644) JD Compared with Net Loss after tax (32,894) JD for 2016, a net increase in loss of 5.32%.Total assets of the company reached 3,157,287 JD compared with total assets of 3,193,140 JD at the end of year 2016, a net decrease of 1.12%.Total liabilities of the company reached 55,018 JD compared with total liabilities of 56,227 JD at the end of year 2016, a net decrease of 2.15%. Net ownership equity of the company reached 3,102,269 JD compared with total owner equity of 3,136,913 JD at the end of year 2016, a net decrease of 1.10%.

JERUSALEM CIGARETTE

The Palestine Exchange (PEX) received the Reviewed & Consolidated interim financial statements for first half of 2017 from JERUSALEM CIGARETTE(JCC).

According to financial statements for first half of 2017, Net profit after tax of the period reached 271,305 JD Compared with Net profit after tax 43,419 JD for 2016, a net increase in profit of 524.85%.Total assets of the company reached 43,913,397 JD compared with total assets of 40,148,931 JD at the end of year 2016, a net increase of 9.38%.Total liabilities of the company reached 20,947,878 JD compared with total liabilities of 17,770,839 JD at the end of year 2016, a net increase of 17.87%. Net ownership equity of the company reached 22,965,519 JD (Including None-Controlling Interests of 3,673,122 JD) compared with total owner equity of 22,378,092 JD (Including None-Controlling Interests of 3,632,986 JD) at the end of year 2016, a net increase of 2.63%.
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