The Palestine Economic Corporation, oldest American investment agency in Israel, announced today that its net income before taxes in 1951 represented an increase of nearly 100 percent over the previous year’s income.
In an interim annual report, the P.E.C. revealed that its net income before taxes last year totaled $519,815–exclusive of undistributed income of wholly-owned subsidiaries–as compared with a total of $263,187 in 1950.
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