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


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%.


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