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PALTEL posts net income of JD22.22 million in Q1 2015

2015-04-30

According to Palestine Telecommunications PALTEL’s financial statements for Q1 2015, Net profit after tax of the period reached 22,218,000 JOD Compared with Net profit after tax 25,971,000 JOD for 2014, a net decrease in profit of 14.45%.Total assets of the company reached 738,167,000 JOD compared with total assets of 750,705,000 JOD at the end of year 2014, a net decrease of 1.67%.Total liabilities of the company reached 261,212,000 JOD compared with total liabilities of 228,366,000 JOD at the end of year 2014, a net increase of 14.38%. Net ownership equity of the company reached 476,955,000 JOD compared with total owner equity of 522,339,000 JOD at the end of year 2014, a net decrease of 8.69%.