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PEC records net income of $3.22 million in Q1 2021


According to the financial statements of Palestine Eclectic Company PEC for the 1st Quarter of 2021, Net profit after tax of the period reached 3,215,638 USD Compared with Net profit after tax 2,842,695 USD for 2020, a net increase in profit of 13.12%.Total assets of the company reached 115,636,785 USD compared with total assets of 112,561,580 USD at the end of year 2020, a net increase of 2.73%.Total liabilities of the company reached 13,208,031 USD compared with total liabilities of 13,348,464 USD at the end of year 2020, a net decrease of 1.05%. Net ownership equity of the company reached 102,428,754 USD compared with total owner equity of 99,213,116 USD at the end of year 2020, a net increase of 3.24%.



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