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PEC posts net income of $10.19 million in 2021

2022-02-15

According to the financial statements of Palestine Electric Company PEC for the year 2021, Net profit after tax of the period reached 10,187,369 USD Compared with Net profit after tax 11,329,690 USD for 2020, a net decrease in profit of 10.08%.Total assets of the company reached 115,163,029 USD compared with total assets of 112,561,580 USD at the end of year 2020, a net increase of 2.31%.Total liabilities of the company reached 11,762,544 USD compared with total liabilities of 13,348,464 USD at the end of year 2020, a net decrease of 11.88%. Net ownership equity of the company reached 103,400,485 USD compared with total owner equity of 99,213,116 USD at the end of year 2020, a net increase of 4.22%.