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Source: Thomson Reuters.   Last updated on Sep 17, 2019 at 01:16AM (UTC).   Delayed by at least 15 minutes.
Profits of Listed Companies at the Palestine Exchange Grew 12% in Q1 2019
Apr 30, 2019
The annual results disclosure period ended on the Palestine Exchange (PEX), 94% of listed companies were able to disclose within the set deadline, 87% were profitable in 1Q 2019.
 
First quarter results show that net profit amounted to USD 98,433,161 a growth of 11.71% in comparison to Q1 2018. Results also show that thirty-nine companies achieved profits of USD 100,564,726, a growth of 8%, while the net loss of the other six companies was USD 2,131,565 a decline of 54% in comparison to Q1 2018. Three companies failed to disclose their results.
 
Ahmad Aweidah, CEO of the PEX said that first quarter results augur positive expectations for the year 2019. He expressed his hope of an enabling geopolitical situation during the year to help PEX listed companies achieve better results.
 
 
To view a detailed table of Q1 2019 disclosures, please visit:
http://www.pex.ps/FileManagerWeb/Default.aspx?AID=1000&UID=345&WFID=29&DocAction=610&HashCode=786&PathCode=1&TRID=39631&TID=927
 
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