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PALTEL discloses its financial results for the third quarter of 2009

2009-11-01

Palestine Securities Exchange had received the revised consolidated financial statements (that doesn"t include the results of the Bella investment) of the Palestinian Telecommunications Company (PALTEL), as of 30/09/2009. The system gives each listed company a period month to disclose the results of the third-quarter data, audited by the Internal Auditor of the company. The received data has been published on the website market on the Internet (www.p-s-e.com), in parallel with the issuance of this statement, as was the distribution of data on securities firms to inform their clients. The data of the company as of 30/09/2009 indicated a net profit before tax amounted to JD73, 098,000 compared to net profit before tax by JD67,137, 000 in the third quarter of 2008. Total assets reached JD 526,642,000 as of 30/09/2009 after they amounted JD 461,950,000 on 31/12/2008. The total liabilities as of 30/09/2009 amounted to JD 174,409,000 after they were JD 129,162,000 on 31/12/2008. The total shareholders" equity rose from JD 332,788,000 on 31/12/2008 to JD352,233,000 on 30/09/2009.