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

2021-11-01

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%.