Arab Palestinian Investment Company (APIC) announced its unaudited interim consolidated condensed financial statements to the Palestine Exchange (PEX).


According to APIC data for the first nine months of FY14, net profit after taxes stood at $9.58 million, compared to a net profit after taxes of $7.91 million for the first nine months of 2013, representing a jump by 21.1%.


The company’s net ownership equity reached $101.65 million (including $25.04 million in non-controlling interest) as on September 30, 2014, compared to a net ownership equity of $93.27 million (including $23.30 million in non-controlling interest) as on December 31, 2013, a net increase of 9.0% in the first nine months. Moreover, paid-in capital increased from around $50 million on December 31, 2013 to reach $60 million by September 30, 2014, surging to 20.0%.


APIC’s total liabilities reached $148.80 million as at September 30, 2014, against $143.93 million as on December 31, 2013, registering net increase of 3.4%. Total assets amounted to $250.46 million as on September 30, 2014, against $237.21 million as on December 31, 2013, recording a rise by 5.6%.