Rawabi, 14/11/2022
PADICO Holding reported its business results and consolidated financial statements until the end of the third quarter of 2022. Financial results showed a growth in net profits of $17.8 million compared to $17.0 million for the same period in 2021.
The company grew total revenues by 10%, from $99.0 million to $108.8 million, and affiliates’ operating revenues rose 16% from $64.8 million to $75.2 million.
The equity of PADICO shareholders amounted to $354.9 million, bringing the share’s book value to $1.75, which is 30% higher than the closing price of the stock, which currently trades at $1.35. PADICO has been active since the beginning of the year to take the top spot on the Palestine Exchange in terms of volume and value of trading and the number of trading deals executed.
PADICO Holding is a public shareholding company listed on Palestine Exchange (PEX). It has a base of around 7,000 shareholders and a paid-in capital of $250 million. The market value of PADICO and its listed and unlisted companies exceeds $2 billion invested in vital economic sectors across Palestine. It is the most significant investment group in Palestine, accounting for 41% of the market value of PEX.
