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PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Telecommunications PALTEL for Q1 2017, Net profit after tax of the period reached 18,035,000 JD Compared with Net profit after tax 22,361,000 JD for 2016, a net decrease in profit of 19.35%.Total assets of the company reached 941,324,000 JD compared with total assets of 1,021,238,000 JD at the end of year 2016, a net decrease of 7.83%.Total liabilities of the company reached 364,460,000 JD compared with total liabilities of 466,635,000 JD at the end of year 2016, a net decrease of 21.89%. Net ownership equity of the company reached 576,864,000 JD compared with total owner equity of 554,603,000 JD at the end of year 2016, a net increase of 4.01%.