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Remarkable financial performance for blue-chips amid quietness in the PEX

2013-10-31

Sahem Weekly Trading Report [27-31/10] 2013

The legal period granted by Palestine Stock Exchange PEX for the listed companies to disclose their 9M financial statements ended by the end of this October, whereby, this week was characterized with earnings announcements momentum on one hand and transactions scarcity on another hand. The financial results of blue-chips- that were distinguished- revived the PEX in terms of prices but without any significant changes in the liquidity indicators. It is worth mentioning that the PEX was influenced by the anticipations of the 9M financial statements disclosures for a long period of time, abandoning some pricing levels that were established earlier to become support levels that could protect from selling pressures. During the week, heavy weighted shares and shares with distinguished data had repositioned these levels, leaving the narrow range trading and gaining noticeably, supported by what was disclosed. 
In an unique disclosure and within the company’s strategic plan and as an extension to the first half of the year 2013’s financial statements, Palestine Development and Investment Company PADICO announced achieving net income attributable to the shareholders of the parent company of $21.84 million in 9M 2013; significantly up by 34.15% compared to the same period of 2012. This came as a result of the company’s investments and new projects that has been launched during the past 3 years and has begun to report positive returns during the last few months.  According to the company’s management, these disclosed results are a positive indicator for more profits and achievements, and also confirm the successful investment direction of the company. From the financial statements, the profitability indicators showed significant increases, supported by the increase in the consolidated revenues of 17.57% that resulted from the increase in operating revenues from PADICO’s subsidiaries by 20.05% in addition to the advance in PADICO’s share from the profits of its associates by 9.94%. Moreover, the external debt from loans and bonds decreased to $218.82 million in 9M 2013 compared to $225.29 million at the end of 2012.  
Palestine Telecommunications PALTEL maintained its growth trend by announcing achieving net income of JD68.56 million in 9M 2013; up by 9.53% compared to the same period of 2012. This came as a result of an increase in gross income by 5.96% supported by increasing the operating revenues in addition to a significant decrease in the cost of revenues, therefore resulting in enhancement in all of the company’s profitability margins. According to PALTEL’s management, the financial results prove the ability of PALTEL to continue its growth either in the Palestinian market or in its investment base to ensure feasible returns for its shareholders. Moreover and regarding the other leading companies, Bank of Palestine BOP disclosed achieving net income of $29.29 million in 9M 2013; slightly down by 1.56% than the same period of 2012. This slight decrease came due to an increase in tax expenses in addition to an increase in operating expenses that came in parallel to the continuous expansion of the bank. This came despite recording a significant increase in net interest and commissions of 18.34%.                                                                                                                                                                                                                               

 

 

 


 

 

 


 

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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