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PEC posts net income of $8.84 million in 9M 2021


According to the financial statements of Palestine Electric Company PEC for the first nine months of 2021, Net profit after tax of the period reached 8,836,745 USD Compared with Net profit after tax 10,402,006 USD for 2020, a net decrease in profit of 15.05%.Total assets of the company reached 114,659,395 USD compared with total assets of 112,561,580 USD at the end of year 2020, a net increase of 1.86%.Total liabilities of the company reached 12,609,534 USD compared with total liabilities of 13,348,464 USD at the end of year 2020, a net decrease of 5.53%. Net ownership equity of the company reached 102,049,861 USD compared with total owner equity of 99,213,116 USD at the end of year 2020, a net increase of 2.86%.


A variation in the investors’ expectations with increasing the annual disclosures anticipation

Al-Quds Index continues to increase in the second week of 2022

Al-Quds Index starts the year 2022 with an increase

The PEX modifies the composition of Al-Quds Index for the year 2022



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