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PALTEL records net income of JD33.06 million in H1 2017

2017-08-07

According to the financial statements of Palestine Telecommunication PALTEL for the first half of 2017, Net profit after tax of the period reached 33,062,000 JD Compared with Net profit after tax 40,801,000 JD for 2016, a net decrease in profit of 18.97%.Total assets of the company reached 895,923,000 JD compared with total assets of 1,021,238,000 JD at the end of year 2016, a net decrease of 12.27%.Total liabilities of the company reached 360,517,000 JD compared with total liabilities of 466,635,000 JD at the end of year 2016, a net decrease of 22.74%. Net ownership equity of the company reached 535,406,000 JD compared with total owner equity of 554,603,000 JD at the end of year 2016, a net decrease of 3.46%.