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PALTEL posts net income of JD18.94 million in H1 2024

2024-08-14

According to the financial statements of Palestine Telecommunications PALTEL for the first half of 2024, Net profit after tax of the period reached 18,935,000 JD Compared with Net profit after tax 26,067,000 JD for 2023, a net decrease in profit of 27.36%.Total assets of the company reached 496,731,000 JD compared with total assets of 514,119,000 JD at the end of year 2023, a net decrease of 3.38%.Total liabilities of the company reached 302,417,000 JD compared with total liabilities of 298,778,000 JD at the end of year 2023, a net increase of 1.21%. Net ownership equity of the company reached 194,314,000 JD (Including Non-Controlling Interests of 222,000 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 decrease of 9.76%.