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PALTEL reports net income of JD42.68 million in H1 2015


According to Palestine Telecommunications PALTEL’s financial statements for first half of 2015, Net profit after tax of the period reached 42,677,000 JD Compared with Net profit after tax 48,046,000 JD for 2014, a net decrease in profit of 11.17%.Total assets of the company reached 730,359,000 JD compared with total assets of 750,705,000 JD at the end of year 2014, a net decrease of 2.71%.Total liabilities of the company reached 230,851,000 JD compared with total liabilities of 228,366,000 JD at the end of year 2014, a net increase of 1.08%. Net ownership equity of the company reached 499,508,000 JD compared with total owner equity of 522,339,000 JD at the end of year 2014, a net decrease of 4.37%.


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