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PALTEL records net income of JD91.83 million in 2013

2014-02-17

According to Palestine Telecommunications Company ( PALTEL) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 91,827,000 JOD, compared with a net profit after taxes of 82,132,000 JOD in the audited data for 2012, a net increase of 11.8%. Total assets of the company reached 666,212,000 JOD as of December 31^st, 2013, compared to total assets of 616,521,000 JOD as of December 31^st, 2012, a net increase of 8.1%. Total liabilities of the company reached 163,525,000 JOD as of December 31^st, 2013, compared to total liabilities of 157,948,000 JOD as of December 31^st, 2012, a net increase of 3.5%. Net ownership equity of the company reached 502,687,000 JOD as of December 31^st, 2013, compared with a net ownership equity of 458,573,000 JOD as of December 31^st, 2012, a net increase of 9.6%. All figures in the financial statements appeared in thousands of JOD.