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PALTEL posts net income of JD13.89 million in H1 2020

2020-08-23

According to the financial statements of Palestine Telecommunications PALTEL for the first half of 2020, Net profit after tax of the period reached 13,886,000 JD Compared with Net profit after tax 35,451,000 JD for 2019, a net decrease in profit of 60.83%.Total assets of the company reached 851,136,000 JD compared with total assets of 878,685,000 JD at the end of year 2019, a net decrease of 3.14%.Total liabilities of the company reached 429,975,000 JD compared with total liabilities of 384,478,000 JD at the end of year 2019, a net increase of 11.83%. Net ownership equity of the company reached 421,161,000 JD (Including Non-Controlling Interests of 19,057,000 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 14.78%.