Palestine Telecommunications Company (PALTEL) announced its reviewed interim consolidated condensed financial results to the Palestine Exchange (PEX), reporting a drop in net profit after taxes by 4.9% to JOD 65.21 million during the first nine months of 2014, compared to JOD 68.56 million in the same period of 2013.

PALTEL’s total assets amounted to JOD 756.50 million as at September 30, 2014, compared to JOD 666.21 million by December 31, 2013, registering an increase by 13.6%. Total liabilities stood at JOD 245.62 million by September 30, 2014, against JOD 163.52 million as at December 31, 2013, soaring 50.2%.

The company’s net ownership equity amounted to JOD 510.88 million as at September 30, 2014, compared to JOD 502.69 million by December 31, 2013, adding 1.6% in the first nine months.