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PEC reports net income of $13.65 million in 2015


According to the financial statements of Palestine Electric Company PEC for the year 2015, Net profit after tax of the period reached 13,648,366 USD Compared with Net profit after tax 1,884,873 USD for 2014, a net increase in profit of 624.10%.Total assets of the company reached 106,887,296 USD compared with total assets of 103,532,855 USD at the end of year 2014, a net increase of 3.24%.Total liabilities of the company reached 15,234,710 USD compared with total liabilities of 25,528,635 USD at the end of year 2014, a net decrease of 40.32%. Net ownership equity of the company reached 91,652,586 USD compared with total owner equity of 78,004,220 USD at the end of year 2014, a net increase of 17.50%.


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