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PEC posts net income of $6.08 million in H1 2021

2021-08-15

According to the financial statements of Palestine Electric Company PEC for the first half of 2021, Net profit after tax of the period reached 6,082,248 USD Compared with Net profit after tax 5,902,086 USD for 2020, a net increase in profit of 3.05%.Total assets of the company reached 113,001,282 USD compared with total assets of 112,561,580 USD at the end of year 2020, a net increase of 0.39%.Total liabilities of the company reached 13,705,918 USD compared with total liabilities of 13,348,464 USD at the end of year 2020, a net increase of 2.67%. Net ownership equity of the company reached 99,295,364 USD compared with total owner equity of 99,213,116 USD at the end of year 2020, a net increase of 0.08%.