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PALTEL posts net income of JD26.07 million in H1 2023

2023-08-16

According to the financial statements of Palestine Telecommunications PALTEL for the first half of 2023, Net profit after tax of the period reached 26,067,000 JD Compared with Net profit after tax 33,033,000 JD for 2022, a net decrease in profit of 21.09%.Total assets of the company reached 536,201,000 JD compared with total assets of 525,403,000 JD at the end of year 2022, a net increase of 2.06%.Total liabilities of the company reached 336,500,000 JD compared with total liabilities of 298,825,000 JD at the end of year 2022, a net increase of 12.60%. Net ownership equity of the company reached 199,701,000 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 11.86%.