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PALTEL posts net income of JD50.90 million in 9M 2021

2021-11-01

According to the financial statements of Palestine Telecommunications PALTEL for the first nine months of 2021, Net profit after tax of the period reached 50,904,000 JD Compared with Net profit after tax 31,784,000 JD for 2020, a net increase in profit of 60.16%.Total assets of the company reached 860,607,000 JD compared with total assets of 816,146,000 JD at the end of year 2020, a net increase of 5.45%.Total liabilities of the company reached 367,650,000 JD compared with total liabilities of 367,114,000 JD at the end of year 2020, a net increase of 0.14%. Net ownership equity of the company reached 492,957,000 JD (Including Non-Controlling Interests of 20,071,000 JD) compared with total owner equity of 449,032,000 JD (Including Non-Controlling Interests of 19,483,000 JD) at the end of year 2020, a net increase of 9.78%.