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PEC records net income of $11.84 million in 9M 2022

2022-11-16

According to the financial statements of Palestine Electric Company PEC for the first nine months of 2022, Net profit after tax of the period reached 11,840,432 USD Compared with Net profit after tax 8,836,745 USD for 2021, a net increase in profit of 33.99%.Total assets of the company reached 128,417,079 USD compared with total assets of 115,163,029 USD at the end of year 2021, a net increase of 11.51%.Total liabilities of the company reached 23,376,162 USD compared with total liabilities of 11,762,544 USD at the end of year 2021, a net increase of 98.73%. Net ownership equity of the company reached 105,040,917 USD compared with total owner equity of 103,400,485 USD at the end of year 2021, a net increase of 1.59%.