Listed companies on the Palestine Exchange achieve net profit of 241 million USD in 2013

Thirty five (35) of forty nine (49) listed companies on the Palestine Exchange (PEX) achieved profits in 2013.

Final results of 2013 show that net profits amounted 241,082,866 million USD, a growth of 24.08% in comparison to 2012 net profits. Results show that the thirty five companies achieved profits of 273,162,890 million USD, while the net loss of the other ten companies was 32,080,024 million USD, a decrease of 6% in comparison to 2012. Four companies failed to disclose their annual results within the set deadline.

Ahmad Aweidah, CEO of the PEX expressed his satisfaction from these results. He said:
“This is a clear message of the ability of our listed companies to generate profits and maintain a constant trend of growth year after year in spite of our challenging economic and political conditions”.