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PALTEL posts net income of JD17.87 million in Q1 2022


According to the financial statements of Palestine Telecommunications Company PALTEL for the 1st Quarter of 2022, Net profit after tax of the period reached 17,870,000 JD Compared with Net profit after tax 17,110,000 JD for 2021, a net increase in profit of 4.44%.Total assets of the company reached 865,826,000 JD compared with total assets of 867,895,000 JD at the end of year 2021, a net decrease of 0.24%.Total liabilities of the company reached 394,581,000 JD compared with total liabilities of 357,607,000 JD at the end of year 2021, a net increase of 10.33%. Net ownership equity of the company reached 471,245,000 JD (Including Non-Controlling Interests of 21,118,000 JD) compared with total owner equity of 510,288,000 JD (Including Non-Controlling Interests of 20,565,000 JD) at the end of year 2021, a net decrease of 7.65%.



Al-Quds Index in a narrow range with the approaching end of 2022

The PEX records average PE of 12.4x and average P/BV of 1.51x in 9M 2022



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