Profits of Listed companies on the Palestine Exchange grow by 9% in the first quarter of 2014

Monday, 12 May 2014

First quarter financial results showed that thirty four of forty nine listed companies achieved a net profit of 92,471,754 USD a growth of 10.60% comparing to 2013 first quarter, the twelve loosing companies managed to decrease their losses by 20% comparing to 2013 recording a total loss of 7,570,682 USD while three companies failed to disclose with in the set deadline.
The first quarter aggregated net profits amounted to 84,901,072 USD a growth of 9% comparing to same period of 2013.
Mr. Ahmad Aweidah, CEO of PEX expressed his satisfaction and optimism saying that “We hope that 2014 will be a threshold year for the PEX and the listed companies”