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PALTEL posts net income of JD80.06 million at the end of 2016

2017-02-12

According to the financial statements of Palestine Telecommunications Company PALTEL for the year 2016, Net profit after tax of the period reached 80,056,000 JD Compared with Net profit after tax 83,060,000 JD for 2015, a net decrease in profit of 3.62%.Total assets of the company reached 1,021,238,000 JD compared with total assets of 746,333,000 JD at the end of year 2015, a net increase of 36.83%.Total liabilities of the company reached 466,635,000 JD compared with total liabilities of 203,283,000 JD at the end of year 2015, a net increase of 129.54%. Net ownership equity of the company reached 554,603,000 JD compared with total owner equity of 543,050,000 JD at the end of year 2015, a net increase of 2.13%.