APIC achieved net profits after tax of USD 9.43 million by the third quarter of 2016

November 13, 2016

APIC’s financial results by the third quarter of 2016, show the following:

  • Net profits after tax amounted to USD 9.43 million by the third quarter of 2016, a growth of 5.5% compared to the third quarter of 2015. Net profits attributed to APIC’s shareholders amounted to USD6.56 million by the third quarter of 2016, a growth of 29.4% compared to the third quarter of 2015.
  • Total revenues amounted to USD439.86 million, a growth of 10.6% compared to the third quarter of 2015.
  • Total assets amounted to USD327.44 million as at September 30, 2016 an increase of 17.6% over 2015 closing.
  • Net equity (attributed to APIC shareholders) amounted to USD84.84 million as at September 30, 2016, an increase of 4% over 2015 closing. (APIC distributed USD3 million in cash dividends during 2016).