Profits of listed companies at Palestine Exchange grew 3% in 2019
Monday, 13 April 2020Palestine Exchange Posted
The preliminary financial results disclosure period ended on the Palestine Exchange (PEX), 94% of listed companies were able to disclose within the set deadline, 86.67% were profitable in 2019. The preliminary results of 2019 showed that net profit amounted to USD 306,371,899 a growth of 2.9% compared to 2018. Results also show that thirty nine companies achieved profits of USD 316,290,714 an increase of 3.20% compared with the same period of 2018, while the net loss of the other six companies was USD 9,918,815 an increase of 13%. Three companies failed to disclose within the legal time frame two of which are suspended.