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PEC posts net income of $8.38 in H1 2016

2016-08-25

According to the financial statements of Palestine Electric Company PEC for the first half of 2016, Net profit after tax of the period reached 8,382,558 USD Compared with Net profit after tax 5,343,187 USD for 2015, a net increase in profit of 56.88%.Total assets of the company reached 115,247,211 USD compared with total assets of 106,887,296 USD at the end of year 2015, a net increase of 7.82%.Total liabilities of the company reached 21,212,067 USD compared with total liabilities of 15,234,710 USD at the end of year 2015, a net increase of 39.23%. Net ownership equity of the company reached 94,035,144 USD compared with total owner equity of 91,652,586 USD at the end of year 2015, a net increase of 2.60%.