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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 below the 640 points level with the approaching end of September

Several transactions raise the trading value to a relatively noticeable level

Al-Quds Index in the red zone in the first week of September



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