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PALTEL posts net income of JD46.14 million in 9M 2019

2019-11-06

According to the financial statements of Palestine Telecommunications PALTEL for  the first nine months of 2019, Net profit after tax of the period reached 46,140,000 JD Compared with Net profit after tax 52,200,000 JD for 2018, a net decrease in profit of 11.61%.Total assets of the company reached 876,652,000 JD compared with total assets of 858,000,000 JD at the end of year 2018, a net increase of 2.17%.Total liabilities of the company reached 398,966,000 JD compared with total liabilities of 374,983,000 JD at the end of year 2018, a net increase of 6.39%. Net ownership equity of the company reached 477,686,000 JD (Including Non-Controlling Interests of 19,036,000 JD) compared with total owner equity of 483,017,000 JD at the end of year 2018, a net decrease of 1.10%.