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PALTEL posts net income of JD23.13 million in Q1 2019

2019-04-30

According to financial statements  of Palestine Telecommunications PALTEL for the 1st Quarter of 2019, Net profit after tax of the period reached 23,130,000 JD Compared with Net profit after tax 21,242,000 JD for 2018, a net increase in profit of 8.89%.Total assets of the company reached 903,637,000 JD compared with total assets of 858,000,000 JD at the end of year 2018, a net increase of 5.32%.Total liabilities of the company reached 434,859,000 JD compared with total liabilities of 374,983,000 JD at the end of year 2018, a net increase of 15.96%. Net ownership equity of the company reached 468,778,000 JD (Including Non-Controlling Interests of 19,205,000 JD) compared with total owner equity of 483,017,000 JD at the end of year 2018, a net decrease of 2.95%.