Palestine Industrial Investment Company (PIIC) posted its unaudited interim consolidated condensed financial statements to the Palestine Exchange (PEX).
According to PIIC data for the first nine months of 2014, net profit after taxes amounted to around JOD 3 million, compared to JOD 3.92 million in the corresponding period a year earlier, losing 23.3%.

The company’s total assets stood at JOD 47.40 million by September 30, 2014, against JOD 48.21 million as at December 31, 2013, dropping by 1.7%. Total liabilities reached JOD 11.65 million as at September 30, 2014, compared to JOD 11.54 million by December 31, 2013, inching up 0.9%.

PIIC’s net ownership equity amounted to JOD 35.76 million (including JOD 5.71 million non-controlling interest) as at September 30, 2014, against JOD 36.66 million (including JOD 5.95 million non-controlling interest) by December 31, 2013, a net decrease of 2.5% in the first nine months.