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PEC records net income of $3.60 million in Q1 2017


According to the financial statements of Palestine Electric PEC for Q1 2017, Net profit after tax of the period reached 3,606,618 USD Compared with Net profit after tax 4,436,819 USD for 2016, a net decrease in profit of 18.71%.Total assets of the company reached 103,340,036 USD compared with total assets of 99,904,886 USD at the end of year 2016, a net increase of 3.44%.Total liabilities of the company reached 14,729,649 USD compared with total liabilities of 14,901,117 USD at the end of year 2016, a net decrease of 1.15%. Net ownership equity of the company reached 88,610,387 USD compared with total owner equity of 85,003,769 USD at the end of year 2016, a net increase of 4.24%.


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