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PALTEL posts net income of JD67.43 million in 2021

2022-02-15

According to the financial statements of Palestine Telecommunication Company PALTEL for the year 2021, Net profit after tax of the period reached 67,430,000 JD Compared with Net profit after tax 43,038,000 JD for 2020, a net increase in profit of 56.68%.Total assets of the company reached 867,895,000 JD compared with total assets of 816,146,000 JD at the end of year 2020, a net increase of 6.34%.Total liabilities of the company reached 357,607,000 JD compared with total liabilities of 367,114,000 JD at the end of year 2020, a net decrease of 2.58%. Net ownership equity of the company reached 510,288,000 JD (Including Non-Controlling Interests of 20,565,000 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 13.64%.