Profits of Listed Companies at Palestine Exchange Grew 3% in 2019

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Profits of Listed Companies at Palestine Exchange Grew 3% in 2019

The preliminary financial results disclosure period ended on the Palestine Exchange (PEX), 94% of listed companies were able to disclose within the set deadline, 86.67% were profitable in 2019.

The preliminary results of 2019 showed that net profit amounted to USD 306,371,899 a growth of 2.9% compared to 2018. Results also show that thirty nine companies achieved profits of USD 316,290,714 an increase of 3.20% compared with the same period of 2018, while the net loss of the other six companies was USD 9,918,815 an increase of 13%. Three companies failed to disclose within the legal time frame two of which are suspended.

To view a detailed table of 2019 preliminary disclosures, please visit:

http://api.pex.ps/FileManager/Default.aspx?AID=1000&UID=345&WFID=29&DocAction=610&HashCode=1535&PathCode=1&TRID=51026&TID=927

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