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Palestine Telecommunications achieves pretax income of JD29.08 million; up by 3.8% in Q1 2013

2013-05-07

According to Palestine Telecommunications Company ( PALTEL)’s data for the first three months of the year, net profit before tax reached 29,081,000 JOD, compared with a net profit before tax of 28,028,000 JOD from the first three months of 2012, a net increase of 3.8%. Total assets of the company reached 629,618,000 JOD as of March 31^st, 2013, compared to total assets of 616,521,000 JOD as of December 31^st, 2012, a net increase of 2.1%. Total liabilities of the company reached 148,200,000 JOD as of March 31^st, 2013, compared to total liabilities of 157,948,000 JOD as of December 31^st, 2012, a net decrease of 6.2%. Net ownership equity of the company reached 481,418,000 JOD as of March 31^st, 2013, compared with a net ownership equity of 458,573,000 JOD as of December 31^st, 2012, a net increase of 5.0% in the first three months. All figures in the financial statements appeared in thousands of JOD.