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PEC posts net income of $6.35 million in 9M 2017

2017-10-23

According to the financial statements of Palestine Electric PEC for the first nine months of 2017, Net profit after tax of the period reached 6,346,875 USD Compared with Net profit after tax 14,131,710 USD for 2016, a net decrease in profit of 55.09%.Total assets of the company reached 100,520,399 USD compared with total assets of 99,904,886 USD at the end of year 2016, a net increase of 0.62%.Total liabilities of the company reached 15,169,755 USD compared with total liabilities of 14,901,117 USD at the end of year 2016, a net increase of 1.80%. Net ownership equity of the company reached 85,350,644 USD compared with total owner equity of 85,003,769 USD at the end of year 2016, a net increase of 0.41%.