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PALTEL records net income of JD35.45 million in H1 2019

2019-08-18

According to the financial statements of Palestine Telecommunications PALTEL for the first half of 2019, Net profit after tax of the period reached 35,451,000 JD Compared with Net profit after tax 36,623,000 JD for 2018, a net decrease in profit of 3.20%.Total assets of the company reached 888,359,000 JD compared with total assets of 858,000,000 JD at the end of year 2018, a net increase of 3.54%.Total liabilities of the company reached 410,284,000 JD compared with total liabilities of 374,983,000 JD at the end of year 2018, a net increase of 9.41%. Net ownership equity of the company reached 478,075,000 JD (Including Non-Controlling Interests of 19,344,000 JD) compared with total owner equity of 483,017,000 JD at the end of year 2018, a net decrease of 1.02%.