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PALTEL records net income of JD25.97 million in Q1 2014

2014-05-04

According to Palestine Telecommunications Company PALTEL data for the first three months of the year, net profit after taxes reached 25,971,000 JOD, compared with a net profit after taxes of 23,202,000 JOD from the first three months of 2013, a net increase of 11.9%. Total assets of the company reached 765,262,000 JOD as of March 31^st, 2014, compared to total assets of 666,212,000 JOD as of December 31^st, 2013, a net increase of 14.9%. Total liabilities of the company reached 279,841,000 JOD as of March 31^st, 2014, compared to total liabilities of 163,525,000 JOD as of December 31^st, 2013, a net increase of 71.1%. Net ownership equity of the company reached 485,421,000 JOD as of March 31^st, 2014, compared with a net ownership equity of 502,687,000 JOD as of December 31^st, 2013, a net decrease of 3.4% in the first three months. All figures in the financial statements appeared in thousands of JOD.