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PALTEL records net income of JD63.07 million in 9M 2016

2016-10-31

According to the financial statements of Palestine Telecommunications Company PALTEL for the first nine months of 2016, Net profit after tax of the period reached 63,066,000 JD Compared with Net profit after tax 63,926,000 JD for 2015, a net decrease in profit of 1.35%.Total assets of the company reached 738,941,000 JD compared with total assets of 746,333,000 JD at the end of year 2015, a net decrease of 0.99%.Total liabilities of the company reached 201,986,000 JD compared with total liabilities of 203,283,000 JD at the end of year 2015, a net decrease of 0.63%. Net ownership equity of the company reached 536,955,000 JD compared with total owner equity of 543,050,000 JD at the end of year 2015, a net decrease of 1.12%.