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Palestine Electric (PEC) earns a pretax income of $7.22 million in the third quarter of 2010

2010-11-01

Palestine Electric (PEC) disclosed its financial statements for the third quarter of 2010, and the company’s financial results as of 30/09/2010 indicated a pretax income of $ 7.22 million comparing to $ 4.63 million in the third quarter of 2009. The company’s assets reached $125.58 million at the end 30/09/2010 after they reached $134.01 million on 31/12/2009. Total liabilities reached $49.37 million at the end of the third quarter of 2010 comparing to $59.02 million as of 31/12/2009. Shareholders’ equity reached $ 76.21 million on 30/09/2010 after they reached $ 74.99 million at the end of 2009.