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PALTEL records net income of JD21.24 million in Q1 2018

2018-04-30

According to the financial statements of Palestine Telecommunication PALTEL for the first quarter of 2018, Net profit after tax of the period reached 21,242,000 JD Compared with Net profit after tax 18,035,000 JD for 2017, a net increase in profit of 17.78%.Total assets of the company reached 849,270,000 JD compared with total assets of 934,906,000 JD at the end of year 2017, a net decrease of 9.16%.Total liabilities of the company reached 399,383,000 JD compared with total liabilities of 369,085,000 JD at the end of year 2017, a net increase of 8.20%. Net ownership equity of the company reached 449,887,000 JD compared with total owner equity of 565,821,000 JD at the end of year 2017, a net decrease of 20.49%.