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PALTEL posts net income of JD63.97 million in 2019

2020-02-16

According to the financial statements of Palestine Telecommunications Company PALTEL for the year 2019, Net profit after tax of the period reached 63,967,000 JD Compared with Net profit after tax 67,092,000 JD for 2018, a net decrease in profit of 4.66%.Total assets of the company reached 878,685,000 JD compared with total assets of 858,000,000 JD at the end of year 2018, a net increase of 2.41%.Total liabilities of the company reached 384,478,000 JD compared with total liabilities of 374,983,000 JD at the end of year 2018, a net increase of 2.53%. Net ownership equity of the company reached 494,207,000 JD (Including Non-Controlling Interests of 19,029,000 JD) compared with total owner equity of 483,017,000 JD at the end of year 2018, a net increase of 2.32%.