Profits of Listed Companies at Palestine Exchange Grew 3% and Reached USD 297mn in 2018

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Profits of Listed Companies at Palestine Exchange Grew 3% and Reached USD 297mn in 2018

The annual results disclosure period ended on the Palestine Exchange (PEX), 92% of listed companies were able to disclose within the set deadline, 89% were profitable in 2018.
 
Final results of 2018 shows that net profit amounted to USD 296,784,235 a growth of 3% in comparison to 2017. Results also show that the thirty Nine companies achieved profits of USD 304,281,715, a decline of 4%, while the net loss of the other five companies was USD 7,497,480 a decrease of 73% in comparison to 2017. Four companies failed to disclose their annual results.
 
Ahmad Aweidah, CEO of the PEX expressed his satisfaction. He said: “ 2018 final results are close to preliminary results. This is a clear message of the ability of our listed companies to continue to generate profits and to maintain growth year after year in spite of the exceptional economic and political conditions”. He expressed his hope for 2019 to hold the best for the securities sector and the national economy.
 
 
To view a detailed table of 2018 disclosures, please visit:
http://www.pex.ps/FileManagerWeb/Default?AID=1000&UID=345&WFID=29&DocAction=610&HashCode=702&PathCode=1&TRID=38479&TID=927

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