Palestine Exchange listed companies profits grew 6% in the First half of 2018

First half financial results showed that aggregated net profits amounted to USD 166,720,060 an increase of 6% compared with the same period of 2017.
Thirty eight of forty eight listed companies achieved a net profit of USD 170,758,090 an increase of 5.44% comparing to the same period in 2017, the eight loss making companies recorded a total loss of 4,038,030 USD a decrease of 16% comparing to last year. Two companies failed to disclose within the set deadline.
Mr. Ahmad Aweidah, CEO of PEX praised the success of listed companies and their ability to grow in spite of the challenging political conditions; he expressed his hope for even better results for the rest of 2018.