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Palestine Electric Company (PEC) earns a pretax income of $ 5.42 million in the first half of 2010


Palestine Electric Company (PEC) disclosed its semi- annual financial statements for the first half of 2010, and the company’s financial results as of 30/06/2010 indicated a pretax income of $ 5.42 million compared $ 2.68 million in the first half of 2009. The company’s assets reached $ 123.75 million at the end 30/06/2010 after they reached $ 134.01 million on 31/12/2009. Total liabilities reached $ 49.34 million at the end of the first half of 2010 compared to $ 59.02 million as of 31/12/2009. Shareholders’ equity reached $ 74.41 on 30/06/2010 after they reached $ 74.99 million at the end of 2009.


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