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PEC reports net income of $12.45 million in 2019

2020-02-16

According to the financial statements of Palestine Electric Company PEC for the year 2019, Net profit after tax of the period reached 12,450,448 USD Compared with Net profit after tax 8,786,981 USD for 2018, a net increase in profit of 41.69%.Total assets of the company reached 109,777,898 USD compared with total assets of 102,334,596 USD at the end of year 2018, a net increase of 7.27%.Total liabilities of the company reached 12,894,472 USD compared with total liabilities of 11,901,618 USD at the end of year 2018, a net increase of 8.34%. Net ownership equity of the company reached 96,883,426 USD compared with total owner equity of 90,432,978 USD at the end of year 2018, a net increase of 7.13%.