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PEC achieves net income of $8.25 million in 9M 2013

2013-10-22

According to Palestine Electric Company ( PEC)’s data for the first nine months of the year, net profit after taxes reached 8,248,768 USD, compared with a net profit after taxes of 11,011,254 USD from the first nine months of 2012, a net decrease of 25.1%. Total assets of the company reached 110,144,140 USD as of September 30^th, 2013, compared to total assets of 112,524,140 USD as of December 31^st, 2012, a net decrease of 2.1%. Total liabilities of the company reached 27,338,020 USD as of September 30^th, 2013, compared to total liabilities of 31,966,788 USD as of December 31^st, 2012, a net decrease of 14.5%. Net ownership equity of the company reached 82,806,120 USD as of September 30^th, 2013, compared with a net ownership equity of 80,557,352 USD as of December 31^st, 2012, a net increase of 2.8% in the first nine months.