05.04.2012 - Palestine Islamic Bank’s 2011 profits surge 153 pct
According to the audited financial statements for year 2011, net profit after tax reached $4 million, compared with a net profit after tax of $1.5 million in 2010, a net increase of 153 per cent. Total assets of the company reached $392.6 million as of December 31 2011, compared to total assets of $357.3 million as of 31 December 2010, a net increase of 9.9 per cent. Total liabilities of the company reached $131.7 million as of 31 December, 2011, compared to total liabilities of $110.2 million as of 31 December 2010, a net increase of 19.5 per cent...............................................Full Article: Source
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