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PEC records net income of $9.32 million in 9M 2019

2019-10-16

According to the financial statements of Palestine Electric Company PEC for the first nine months of 2019, Net profit after tax of the period reached 9,325,239 USD Compared with Net profit after tax 9,022,983 USD for 2018, a net increase in profit of 3.35%.Total assets of the company reached 107,212,612 USD compared with total assets of 102,334,596 USD at the end of year 2018, a net increase of 4.77%.Total liabilities of the company reached 13,454,395 USD compared with total liabilities of 11,901,618 USD at the end of year 2018, a net increase of 13.04%. Net ownership equity of the company reached 93,758,217 USD compared with total owner equity of 90,432,978 USD at the end of year 2018, a net increase of 3.68%.