Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

JD 66 million is PALTEL's income in 9 months

2008-10-21

PALTEL group announced yesterday a recorded profit of JD 65.7 million (Approximately $93 million) for the nine months of the current year, exceeding by that the whole income for the previous year. These profits hadn"t include the realized gain from selling the Saudi company "Bayanat Al Oula" that reached $20 million and had been executed in the first quarter of the year, also the profit hadn"t include the proceeds from currency exchange variances where the US dollar that is related to the Jordanian dinar ( The currency of the financial statements) had vouched massive declines since the beginning of the year versus the shekel ( The currency of the company"s revenues), which means that PALTEL"s income is trending to JD 100 million ($140 million) by the end of the year. PALTEL"s net income reached JD 65.5 million in the last year. Mr.Sabeih Almasri the board chairman of PALTEL group commented in the press conference that had been held in JAWWAL headquarter about the results by saying "the company is on the correct track, the financial position is solid and there are no debts in their banks accounts". And said:" these profits do not include the realized gain from selling the Saudi company and the proceeds from currency exchange variances, and these two categories will be shown at the end of the year". Also Mr. Munib Almasri the board chairman of PADICO had participated in the press conference, which in its turn PADICO is the biggest shareholder in PALTEL by a share that exceeds in %30, also DR. Abdelmalik Aljabir had participated in the conference. Mr.Sabeih Almasri assured that the group has a strategic expansion plan in other sectors investment, and also commended on the efforts of the executive management and the company"s staff. And regarding the decline in the stock market which includes also a decline in PALTEL"s share in effect of the international financial crisis, Almasri said" the company"s shares are protected by its strong financial position" attributing the decline to the fear that is trending to be international but he pointed out that the loss in the PSE was reasonable comparing to the other regional markets. And regarding the traded news about an Arab strategic partner, Almasri   said "we keep receiving oral offers for buying a share in PALTEL, but we hadn’t receive an official paper yet and we don’t have intentions of abandoning the company, and if anything happens in this issue it will be for preserving the staff and increase it not lowering it "      

 


 

2017-08-22
RSR reports net income of JD0.22 million in H1 2017

2017-08-22
AHC realizes net loss of JD0.86 million in H1 2017

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013