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PEC posts net income of $4.44 million in Q1 2016

2016-04-25

According to the financial statements of Palestine Electric Company PEC for Q1 2016, Net profit after tax of the period reached 4,436,819 USD Compared with Net profit after tax 1,834,725 USD for 2015, a net increase in profit of 141.82%.Total assets of the company reached 111,335,288 USD compared with total assets of 106,887,296 USD at the end of year 2015, a net increase of 4.16%.Total liabilities of the company reached 15,245,883 USD compared with total liabilities of 15,234,710 USD at the end of year 2015, a net increase of 0.07%. Net ownership equity of the company reached 96,089,405 USD compared with total owner equity of 91,652,586 USD at the end of year 2015, a net increase of 4.84%.


 

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