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PEC posts net income of $9.02 million in 9M 2018


According to the financial statements of Palestine Electric PEC for the first nine months of 2018,Net profit after tax of the period reached 9,022,983 USD Compared with Net profit after tax 6,346,875 USD for 2017, a net increase in profit of 42.16%.Total assets of the company reached 102,855,571 USD compared with total assets of 99,924,271 USD at the end of year 2017, a net increase of 2.93%.Total liabilities of the company reached 12,186,591 USD compared with total liabilities of 12,278,274 USD at the end of year 2017, a net decrease of 0.74%. Net ownership equity of the company reached 90,668,980 USD compared with total owner equity of 87,645,997 USD at the end of year 2017, a net increase of 3.45%.



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