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PALTEL posts net income of $22.36 million in Q1 2016


According to the financial statements of Palestine Telecommunications PALTEL for Q1 2016, Net profit after tax of the period reached 22,361,000 JD Compared with Net profit after tax 22,218,000 JD for 2015, a net increase in profit of 0.64%.Total assets of the company reached 759,210,000 JD compared with total assets of 746,333,000 JD at the end of year 2015, a net increase of 1.73%.Total liabilities of the company reached 261,137,000 JD compared with total liabilities of 203,283,000 JD at the end of year 2015, a net increase of 28.45%. Net ownership equity of the company reached 498,073,000 JD compared with total owner equity of 543,050,000 JD at the end of year 2015, a net decrease of 8.28%.


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