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PALTEL posts net income of JD6.24 million in Q1 2024

2024-05-16

According to the financial statements of Palestine Telecommunications PALTEL for the 1st Quarter of 2024, Net profit after tax of the period reached 6,242,000 JD Compared with Net profit after tax 11,311,000 JD for 2023, a net decrease in profit of 44.81%.Total assets of the company reached 508,672,000 JD compared with total assets of 514,119,000 JD at the end of year 2023, a net decrease of 1.06%.Total liabilities of the company reached 287,960,000 JD compared with total liabilities of 298,778,000 JD at the end of year 2023, a net decrease of 3.62%. Net ownership equity of the company reached 220,712,000 JD (Including Non-Controlling Interests of 188,000 JD) compared with total owner equity of 215,341,000 JD (Including Non-Controlling Interests of 170,000 JD) at the end of year 2023, a net increase of 2.49%.