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PEC posts net income of $5.14 million in H1 2019

2019-08-18

According to the financial statements of Palestine Electric Company PEC for the first half of 2019, Net profit after tax of the period reached 5,139,077 USD Compared with Net profit after tax 6,308,621 USD for 2018, a net decrease in profit of 18.54%.Total assets of the company reached 103,367,548 USD compared with total assets of 102,334,596 USD at the end of year 2018, a net increase of 1.01%.Total liabilities of the company reached 13,795,493 USD compared with total liabilities of 11,901,618 USD at the end of year 2018, a net increase of 15.91%. Net ownership equity of the company reached 89,572,055 USD compared with total owner equity of 90,432,978 USD at the end of year 2018, a net decrease of 0.95%.