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PALTEL posts net income of JD11.31 million in Q1 2023

2023-05-17

According to financial statements of Palestine Telecommunications PALTEL for the 1st Quarter of 2023, Net profit after tax of the period reached 11,311,000 JD Compared with Net profit after tax 17,870,000 JD for 2022, a net decrease in profit of 36.70%.Total assets of the company reached 557,625,000 JD compared with total assets of 525,403,000 JD at the end of year 2022, a net increase of 6.13%.Total liabilities of the company reached 372,772,000 JD compared with total liabilities of 298,825,000 JD at the end of year 2022, a net increase of 24.74%. Net ownership equity of the company reached 184,853,000 JD (Including Non-Controlling Interests of 156,000 JD) compared with total owner equity of 226,578,000 JD (Including Non-Controlling Interests of 156,000 JD) at the end of year 2022, a net decrease of 18.42%.