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PALTEL posts net income of JD51.23 million in 9M 2022

2022-11-16

According to the financial statements of Palestine Telecommunications PALTEL for the first nine months of 2022, Net profit after tax of the period reached 51,231,000 JD Compared with Net profit after tax 50,904,000 JD for 2021, a net increase in profit of 0.64%.Total assets of the company reached 544,131,000 JD compared with total assets of 867,895,000 JD at the end of year 2021, a net decrease of 37.30%.Total liabilities of the company reached 331,314,000 JD compared with total liabilities of 357,607,000 JD at the end of year 2021, a net decrease of 7.35%. Net ownership equity of the company reached 212,817,000 JD (Including Non-Controlling Interests of 158,000 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 58.29%.