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Islamic Finance Briefing - Categorized | Performance more

Financial statements of Palestine Islamic bank for the 3rd quarter of 2011

Posted on 02 November 2011

According to company data for the first nine months of the year, net profit before taxes reached 1,460,076 USD, compared with a net profit before taxes of 675,334 USD from the first nine months of 2010, a net increase of 116.2%. Total assets of the company have reached 377,617,279 USD as of September 30th, 2011, compared to total assets of 357,433,736 USD as of December 31st, 2010, a net increase of 5.6%.
Total liabilities of the company have reached 127,040,534 USD as of September 30th, 2011, compared to total liabilities of 110,362,149 USD as of December 31st, 2010, a net increase of 15.1%. Equity of Unrestricted Investment Account holders totaled 201,910,313 USD as of September 30, 2011, compared with 199,025,230 USD at the end of 2010, a net increase of 1.4%. Net ownership equity of the company has reached 48,666,432 USD as of September 30th, 2011, compared with a net ownership equity of 48,046,357 USD as of December 31st, 2010, a net increase of 1.3% in the last nine months. (Press Release)

 
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