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PALTEL posts net income of JD43.34 million in 2023

2024-02-29

According to the financial statements of Palestine Telecommunications PALTEL for the year 2023, Net profit after tax of the period reached 43,336,000 JD Compared with Net profit after tax 65,244,000 JD for 2022, a net decrease in profit of 33.58%.Total assets of the company reached 522,354,000 JD compared with total assets of 525,403,000 JD at the end of year 2022, a net decrease of 0.58%.Total liabilities of the company reached 307,013,000 JD compared with total liabilities of 298,825,000 JD at the end of year 2022, a net increase of 2.74%. Net ownership equity of the company reached 215,341,000 JD (Including Non-Controlling Interests of 170,000 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 4.96%.