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PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15

According to the financial statements of Palestine Telecommunication PALTEL for the year 2017, Net profit after tax of the period reached 70,528,000 JD Compared with Net profit after tax 80,056,000 JD for 2016, a net decrease in profit of 11.90%.Total assets of the company reached 934,906,000 JD compared with total assets of 1,021,238,000 JD at the end of year 2016, a net decrease of 8.45%.Total liabilities of the company reached 369,085,000 JD compared with total liabilities of 466,635,000 JD at the end of year 2016, a net decrease of 20.90%. Net ownership equity of the company reached 565,821,000 JD compared with total owner equity of 554,603,000 JD at the end of year 2016, a net increase of 2.02%.