Rawabi, 15/08/2023
Palestine Development and Investment Company (PADICO) disclosed its financial results and financial statements for the first half of 2023, where the company achieved a net profit (attributable to PADICO shareholders) of $13.9 million compared to $12.8 million for the same period last year, a growth of 8%.
Earnings per share increased by 30%, at 7 cents per share, return on equity increased by 11%, and liquidity increased by 9% compared to the end of last year.
The book value of the share amounted to $ 1.86 as at the end of the first half of this year, as the company’s share was traded on the Palestine Exchange during the first half of this year between values of $1.32 and $1.42.
With these results, the company’s core financial indicators continue to grow supported by strong performance from subsidiaries and affiliates, and a reflection of the restructuring that has taken place on some investments, subsidiaries and affiliates.
PADICO is a public shareholding company that invests in many vital economic sectors, where it operates in the ICT sector, real estate, financial, industrial, agricultural, tourism, infrastructure and energy.
