APIC reports net profits of $10.2m in H1

List your company on ABC for the
advantage of the ABC Community

Add Your Company Edit Your Company

Search by Popular Categories

Consumer
Commercial
Construction
Industrial
Oil & Gas

DIAMOND SPONSOR

INDUSTRIAL NEWS

APIC reports net profits of $10.2m in H1

Aug 21, 2019 10:47 AM

Arab Palestinian Investment Company (APIC) has reported net profits after tax of 10.2 million in the first half of 2019 a growth of 26.7 per cent year on year. APIC is a foreign public shareholding investment...

Arab Palestinian Investment Company (APIC) has reported net profits after tax of $10.2 million in the first half of 2019, a growth of 26.7 per cent year on year.

APIC is a foreign public shareholding investment holding company listed on the Palestine Exchange.

Tarek Aggad, chairman and CEO of APIC, announced that the group revealed that net profits attributed to APIC shareholders amounted to $8.3 million in the first half of 2019, a growth of 46.4 per cent year on year.

Revenues grew by 12.8 per cent compared to the same period in 2018, and amounted to $391.4 million in the first half of 2019.

Aggad added that APIC increased its paid-in capital to reach $87.5 million by distributing 5.5 million in bonus shares to its shareholders, representing 6.7 per cent at par.

APIC also distributed $5 million as cash dividends, representing 6.1 per cent at par. Accordingly, total dividend payout amounted to $10.5 million, representing 12.8 per cent. – TradeArabia News Service

$Click Here!$