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PEC records net income of $6.31 million in H1 2018

2018-08-28

According to the financial statements of Palestine Electric PEC for the first half of 2018, Net profit after tax of the period reached 6,308,621 USD Compared with Net profit after tax 5,248,917 USD for 2017, a net increase in profit of 20.19%.Total assets of the company reached 101,394,147 USD compared with total assets of 99,924,271 USD at the end of year 2017, a net increase of 1.47%.Total liabilities of the company reached 13,439,529 USD compared with total liabilities of 12,278,274 USD at the end of year 2017, a net increase of 9.45%. Net ownership equity of the company reached 87,954,618 USD compared with total owner equity of 87,645,997 USD at the end of year 2017, a net increase of 0.35%.