Profits of listed companies at Palestine Exchange grew 2% in 2018

The preliminary financial results disclosure period ended on the Palestine Exchange (PEX), 96% of listed companies were able to disclose within the set deadline, 87% were profitable in 2018.

The preliminary results of 2018 showed that net profit amounted to 300,206,500 USD, a growth of 2.05% compared to 2017. Results also show that forty companies achieved profits of 308,908,293 USD a decline of 4% compared with the same period of 2017, while the net loss of the other six companies was reduced by 69% and reached 8,701,793 USD. Two suspended companies failed to disclose within the legal time frame.

Mr. Ahmad Aweidah, CEO of PEX stated that despite the economic conditions of Palestine during 2018 listed companies managed to grow. He hoped both listed companies and the exchange better performance during the 2019.