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PALTEL posts net income of JD7.03 million in Q1 2020


According to the financial statements of Palestine Telecommunications PALTEL for the 1st Quarter of 2020, Net profit after tax of the period reached 7,032,000 JD Compared with Net profit after tax 23,130,000 JD for 2019, a net decrease in profit of 69.60%.Total assets of the company reached 869,264,000 JD compared with total assets of 878,685,000 JD at the end of year 2019, a net decrease of 1.07%.Total liabilities of the company reached 390,635,000 JD compared with total liabilities of 384,478,000 JD at the end of year 2019, a net increase of 1.60%. Net ownership equity of the company reached 478,629,000 JD (Including Non-Controlling Interests of 19,008,000 JD) compared with total owner equity of 494,207,000 JD (Including Non-Controlling Interests of 19,029,000 JD) at the end of year 2019, a net decrease of 3.15%.



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