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PALTEL posts net income of JD43.04 million in 2020


According to the financial statements of Palestine Telecommunications PALTEL for the year 2020, Net profit after tax of the period reached 43,038,000 JD Compared with Net profit after tax 63,967,000 JD for 2019, a net decrease in profit of 32.72%.Total assets of the company reached 816,146,000 JD compared with total assets of 878,685,000 JD at the end of year 2019, a net decrease of 7.12%.Total liabilities of the company reached 367,114,000 JD compared with total liabilities of 384,478,000 JD at the end of year 2019, a net decrease of 4.51%. Net ownership equity of the company reached 449,032,000 JD (Including Non-Controlling Interests of 19,483,000 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 9.14%.



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