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PEC reports net income of $2.66 million in Q1 2019

2019-04-25

According to the financial statements of Palestine Electric Company PEC for 1st Quarter of 2019, Net profit after tax of the period reached 2,662,513 USD Compared with Net profit after tax 4,050,976 USD for 2018, a net decrease in profit of 34.27%.Total assets of the company reached 105,206,419 USD compared with total assets of 102,334,596 USD at the end of year 2018, a net increase of 2.81%.Total liabilities of the company reached 12,110,928 USD compared with total liabilities of 11,901,618 USD at the end of year 2018, a net increase of 1.75%. Net ownership equity of the company reached 93,095,491 USD compared with total owner equity of 90,432,978 USD at the end of year 2018, a net increase of 2.94%.