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PALTEL posts net income of JD67.09 million at the end of 2018

2019-02-13

According to the financial statements of Palestine Telecommunications PALTEL for the year 2018, Net profit after tax of the period reached 67,092,000 JD Compared with Net profit after tax 70,528,000 JD for 2017, a net decrease in profit of 4.87%.Total assets of the company reached 858,000,000 JD compared with total assets of 934,906,000 JD at the end of year 2017, a net decrease of 8.23%.Total liabilities of the company reached 374,983,000 JD compared with total liabilities of 369,085,000 JD at the end of year 2017, a net increase of 1.59%. Net ownership equity of the company reached 483,017,000 JD compared with total owner equity of 565,821,000 JD at the end of year 2017, a net decrease of 14.63%.