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PALTEL records JD36.62 million net income in H1 2018



According to the financial statements of Palestine Telecommunications Company PALTEL for the first half of 2018, Net profit after tax of the period reached 36,623,000 JD Compared with Net profit after tax 33,062,000 JD for 2017, a net increase in profit of 10.77%.Total assets of the company reached 840,854,000 JD compared with total assets of 934,906,000 JD at the end of year 2017, a net decrease of 10.06%.Total liabilities of the company reached 374,103,000 JD compared with total liabilities of 369,085,000 JD at the end of year 2017, a net increase of 1.35%. Net ownership equity of the company reached 466,751,000 JD compared with total owner equity of 565,821,000 JD at the end of year 2017, a net decrease of 17.51%.


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