APIC achieved net profit of USD3.57 million in the first quarter of 2017

APIC’s financial results in the first quarter of 2017, show the following:

  • Total revenues amounted to USD158.65 million in the first quarter of 2017; a growth of 22.39% compared to the first quarter of 2016.
  • Net profit after tax amounted to USD3.57 million in the first quarter of 2017; a growth of 17.84% compared to the first quarter of 2016, while net profit attributed to APIC shareholders amounted to USD2.09 million.
  • Total assets amounted to USD328.88 million as of March 31, 2017; a slight drop of -0.27% over 2016 closing.
  • Net equity attributed to APIC shareholders amounted to USD87.63 million as of March 31, 2017; a growth of 2.03% over 2016 closing.