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PEC posts net income of $14.02 million in 2022

2023-02-16

According to the financial statements of Palestine Electric Company PEC for the year 2022, Net profit after tax of the period reached 14,024,650 USD Compared with Net profit after tax 10,187,369 USD for 2021, a net increase in profit of 37.67%.Total assets of the company reached 130,458,113 USD compared with total assets of 115,163,029 USD at the end of year 2021, a net increase of 13.28%.Total liabilities of the company reached 23,232,978 USD compared with total liabilities of 11,762,544 USD at the end of year 2021, a net increase of 97.51%. Net ownership equity of the company reached 107,225,135 USD compared with total owner equity of 103,400,485 USD at the end of year 2021, a net increase of 3.70%.