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PALTEL posts net income of JD65.21 million in 9M 2014

2014-11-02

According to Palestine Telecommunications Company PALTEL’s consolidated data for the first nine months of the year, net profit after taxes reached 65,213,000 JOD, compared with a net profit after taxes of 68,560,000 JOD from the first nine months of 2013, a net decrease of 4.9%. Total assets of the company reached 756,501,000 JOD as of September 30^th, 2014, compared to total assets of 666,212,000 JOD as of December 31^st, 2013, a net increase 13.6%. Total liabilities of the company reached 245,622,000 JOD as of September 30^th, 2014, compared to total liabilities of 163,525,000 JOD as of December 31^st, 2013, a net increase of 50.2%. Net ownership equity of the company reached 510,879,000 JOD as of September 30^th, 2014, compared with a net ownership equity of 502,687,000 JOD as of December 31^st, 2013, a net increase of 1.6% in the first nine months. All figures in the financial statements appeared in thousands of JOD.