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PEC reports net income of $5.25 million in H1 2017


According to the financial statements of Palestine Electric PEC for the first half of 2017, Net profit after tax of the period reached 5,248,917 USD Compared with Net profit after tax 8,382,558 USD for 2016, a net decrease in profit of 37.38%.Total assets of the company reached 104,237,663 USD compared with total assets of 99,904,886 USD at the end of year 2016, a net increase of 4.34%.Total liabilities of the company reached 19,984,977 USD compared with total liabilities of 14,901,117 USD at the end of year 2016, a net increase of 34.11%. Net ownership equity of the company reached 84,252,686 USD compared with total owner equity of 85,003,769 USD at the end of year 2016, a net decrease of 0.88%.


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