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PALTEL posts net income of JD40.80 million in H1 2016

2016-08-14

According to the financial statements of Palestine Telecommunications PALTEL for the first half of 2016, Net profit after tax of the period reached 40,801,000 JD Compared with Net profit after tax 42,677,000 JD for 2015, a net decrease in profit of 4.40%.Total assets of the company reached 717,552,000 JD compared with total assets of 746,333,000 JD at the end of year 2015, a net decrease of 3.86%.Total liabilities of the company reached 201,575,000 JD compared with total liabilities of 203,283,000 JD at the end of year 2015, a net decrease of 0.84%. Net ownership equity of the company reached 515,977,000 JD compared with total owner equity of 543,050,000 JD at the end of year 2015, a net decrease of 4.99%.