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PALTEL reports net income of JD48.05 million in H1 2014

2014-08-19

According to Palestine Telecommunications Company PALTEL’s data for the first six months of the year, net profit after taxes reached 48,046,000 JOD, compared with a net profit after taxes of 45,341,000 JOD from the first six months of 2013, a net increase of 6.0%. Total assets of the company reached 743,035,000 JOD as of June 30^th, 2014, compared to total assets of 666,212,000 JOD as of December 31^st, 2013, a net increase of 11.5%. Total liabilities of the company reached 244,581,000 JOD as of June 30^th, 2014, compared to total liabilities of 163,525,000 JOD as of December 31^st, 2013, a net increase of 49.6%. Net ownership equity of the company reached 498,454,000 JOD as of June 30^th, 2014, compared with a net ownership equity of 502,687,000 JOD as of December 31^st, 2013, a net decrease of 0.8% in the last six months. All figures in the financial statements appeared in thousands of JOD.