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PALTEL reports net income of JD54.43 million in 9M 2017

2017-10-29

According to the financial statements of Palestine Telecommunications PALTEL for the first nine months of 2017, Net profit after tax of the period reached 54,431,000 JD Compared with Net profit after tax 63,066,000 JD for 2016, a net decrease in profit of 13.69%.Total assets of the company reached 921,858,000 JD compared with total assets of 1,021,238,000 JD at the end of year 2016, a net decrease of 9.73%.Total liabilities of the company reached 367,650,000 JD compared with total liabilities of 466,635,000 JD at the end of year 2016, a net decrease of 21.21%. Net ownership equity of the company reached 554,208,000 JD compared with total owner equity of 554,603,000 JD at the end of year 2016, a net decrease of 0.07%.