Profits of Listed companies on the Palestine Exchange grow by 13.6% in the First half of 2014

Sunday, 31 August 2014

First half financial results showed that thirty four of forty nine listed companies achieved a net profit of 148,428,781 USD a growth of 8.5% comparing to 2013 first half, the twelve loosing companies managed to decrease their losses by 28.5% comparing to 2013 recording a total loss of 11,760,730 USD while two companies failed to disclose within the set deadline which was extended to a third company due to the Israeli aggression on the Gaza strip.
The First half aggregated net profits amounted to 136,668,051 USD a growth of 13.6% compared with the same period of 2013.
These results were reflected in the Al Quds index which was increased about 3.4% during the disclosure period.
Mr. Ahmad Aweidah, CEO of PEX said that this growth is a message of assurance to the investing public that our listed companies are able to withstand our challenging political environment and continue to achieve growth despite the difficulties in their operating environment.