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Total profits of the listed companies in 9M 2014 hit $177.41 million

2014-11-05

Mr. Ahmad Aweidah, the CEO of Palestine Stock Exchange PEX, noted that the legal period of disclosing the 9M unaudited financial data has ended. Whereby 46 companies of the listed companies has disclosed within the legal period (around 94%), noting, that 70% of them reported profits in 9M 2014; 32 companies posted profits out of 46 companies, and 38 companies either posted profits or reduced their losses. According to the disclosed financial data in 9M 2014, total listed companies’ profits reached $177,406,121 ( total profits of the companies that achieved profits, minus total losses of the companies that realized losses), compared to profits of $195,020,426in 9M 2013; down by 9.03%. It is worth mentioning that the 32 companies that earned profits recorded net profits of $195,112,335 in 9M 2014, while, the 14 companies that realized losses, recorded net loss of $17,706,213 in 9M 2014.