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PEC reports net income of $8.79 million at the end of 2018

2019-02-14

According to the financial statements of Palestine Electric PEC for the year 2018, Net profit after tax of the period reached 8,786,981 USD Compared with Net profit after tax 8,642,228 USD for 2017, a net increase in profit of 1.68%.Total assets of the company reached 102,334,596 USD compared with total assets of 99,924,271 USD at the end of year 2017, a net increase of 2.41%.Total liabilities of the company reached 11,901,618 USD compared with total liabilities of 12,278,274 USD at the end of year 2017, a net decrease of 3.06%. Net ownership equity of the company reached 90,432,978 USD compared with total owner equity of 87,645,997 USD at the end of year 2017, a net increase of 3.18%.