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Palestine Electric Company achieves a net income of $4.89 million in H1 2013

2013-08-15

According to company data for the first six months of the year, net profit after taxes reached 4,896,219 USD, compared with a net profit after taxes of 6,730,678 USD from the first six months of 2012, a net decrease of 27.3%. Total assets of the company reached 108,986,867 USD as of June 30^th, 2013, compared to total assets of 112,524,140 USD as of December 31^st, 2012, a net decrease of 3.1%. Total liabilities of the company reached 29,533,296 USD as of June 30^th, 2013, compared to total liabilities of 31,966,788 USD as of December 31^st, 2012, a net decrease of 7.6%. Net ownership equity of the company reached 79,453,571 USD as of June 30^th, 2013, compared with a net ownership equity of 80,557,352 USD as of December 31^st, 2012, a net decrease of 1.4% in the last six months.