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PALTEL posts net income of JD65.24 million in 2022

2023-02-15

According to the financial statements of Palestine Telecommunications PALTEL for the year 2022, Net profit after tax of the period reached 65,244,000 JD Compared with Net profit after tax 67,430,000 JD for 2021, a net decrease in profit of 3.24%.Total assets of the company reached 525,403,000 JD compared with total assets of 867,895,000 JD at the end of year 2021, a net decrease of 39.46%.Total liabilities of the company reached 298,825,000 JD compared with total liabilities of 357,607,000 JD at the end of year 2021, a net decrease of 16.43%. Net ownership equity of the company reached 226,578,000 JD (Including Non-Controlling Interests of 156,000 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 55.60%.