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PALTEL posts net income of JD52.20 million in 9M 2018

2018-11-04

According to the financial statements of Palestine Telecommunication PALTEL for the first nine months of 2018, Net profit after tax of the period reached 52,200,000 JD Compared with Net profit after tax 54,431,000 JD for 2017, a net decrease in profit of 4.10%.Total assets of the company reached 855,115,000 JD compared with total assets of 934,906,000 JD at the end of year 2017, a net decrease of 8.53%.Total liabilities of the company reached 383,800,000 JD compared with total liabilities of 369,085,000 JD at the end of year 2017, a net increase of 3.98%. Net ownership equity of the company reached 471,315,000 JD compared with total owner equity of 565,821,000 JD at the end of year 2017, a net decrease of 16.70%.