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Palestine Electric Company achieves pretax income of $3.31 million in Q1 2013

2013-04-25

According to Palestine Electric Company ( PEC)’s data for the first three months of the year, net profit before tax reached 3,313,210 USD, compared with a net profit before tax of 3,549,252 USD from the first three months of 2012, a net decrease of 6.7%. Total assets of the company reached 114,619,407 USD as of March 31^st, 2013, compared to total assets of 112,524,140 USD as of December 31^st, 2012, a net increase of 1.9%. Total liabilities of the company reached 30,748,845 USD as of March 31^st, 2013, compared to total liabilities of 31,966,788 USD as of December 31^st, 2012, a net decrease of 3.8%. Net ownership equity of the company reached 83,870,562 USD as of March 31^st, 2013, compared with net ownership equity of 80,557,352 USD as of December 31^st, 2012, a net increase of 4.1% in the first three months.