Profits of Listed companies on the Palestine Exchange reached 61.60 USD m in the first quarter of 2015

First quarter financial results showed that thirty two of forty eight listed companies’ total profits after tax exceeded 69 million while the loss of the fourteen companies amounted to 7.70 million USD for the same period. The listed companies’ net profits after tax reached 61.60 million USD (profits-Losses), a drop of 15.42% compared with same period of 2014.
Nineteen companies used “IFSAH” the new E-disclosure system in reporting the results. IFSAH will become mandatory to all companies by the end of 2015.