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PEC posts net income of $9.87 million in 9M 2015

2015-10-21

According to the financial statements of Palestine Electric PEC for the first nine months of 2015, Net profit after tax of the period reached 9,867,168 USD Compared with Net profit after tax 1,352,467 USD for 2014, a net increase in profit of 629.57%.Total assets of the company reached 109,997,239 USD compared with total assets of 103,532,855 USD at the end of year 2014, a net increase of 6.24%.Total liabilities of the company reached 22,125,851 USD compared with total liabilities of 25,528,635 USD at the end of year 2014, a net decrease of 13.32%. Net ownership equity of the company reached 87,871,388 USD compared with total owner equity of 78,004,220 USD at the end of year 2014, a net increase of 12.65%.