Palestine Telecommunications Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Palestine Telecommunications announced consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of JOD 81,206,000 against JOD 81,021,000 a year ago. Net income before tax was JOD 25,849,000 against JOD 22,793,000 a year ago. Net income after tax was JOD 21,242,000 against JOD 18,035,000 a year ago. Basic and diluted earnings per share were JOD 0.161 against JOD 0.137 a year ago. Net comprehensive income was JOD 30,491,000 against JOD 22,261,000 a year ago. Net cash flow from operating activities was JOD 6,003,000 against JOD 5,568,000 a year ago. Change in Projects in Progress, property, plant, and equipment and materials was JOD 15,255,000 against JOD 5,056,000 a year ago.