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PALTEL records net income of JD85.07 million at the end of 2014

2015-02-15

According to Palestine Telecommunications Company PALTEL’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 85,068,000 JOD, compared with a net profit after tax of 91,827,000 JOD in the audited data for 2013, a net decrease of 7.4%. Total assets of the company reached 750,705,000 JOD as of December 31^st, 2014, compared to total assets of 666,212,000 JOD as of December 31^st, 2013, a net increase of 12.7%. Total liabilities of the company reached 228,366,000 JOD as of December 31^st, 2014, compared to total liabilities of 163,525,000 JOD as of December 31^st, 2013, a net increase of 39.7%. Net ownership equity of the company reached 522,339,000 JOD as of December 31^st, 2014, compared with a net ownership equity of 502,687,000 JOD as of December 31^st, 2013, a net increase of 3.9%. All figures in the financial statements appeared in thousands of JOD.