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PEC records net income of $1.83 million in Q1 2015

2015-04-21

According to Palestine Electric Company PEC’s financial data for Q1 2015, Net profit after tax of the period reached 1,834,725 USD Compared with Net profit after tax 3,177,996 USD for 2014, a net decrease in profit of 42.27%.Total assets of the company reached 105,652,728 USD compared with total assets of 103,532,855 USD at the end of year 2014, a net increase of 2.05%.Total liabilities of the company reached 25,813,783 USD compared with total liabilities of 25,528,635 USD at the end of year 2014, a net increase of 1.11%. Net ownership equity of the company reached 79,838,945 USD compared with total owner equity of 78,004,220 USD at the end of year 2014, a net increase of 2.35%.