Third quarter disclosure 2017: Net Profit after tax of listed companies at the Palestine Exchange (PEX)

Tuesday, 30 January 2018

The Palestine Exchange ended its third quarter disclosure period for 2017, 96% of listed companies disclosed within the legal period specified in the disclosure rules. Results show that 89% of the disclosed companies achieved profits in Q3 2017.

Third quarter total profits after tax of forty one companies were 245.92 million USD while the loss of the other five companies amounted to (9.24) million USD for the same period. Net profit after tax reached 236,678,640 USD (Profits – Losses) in Q3 2017 a decline of 3.30% compared to same period of 2016.
Mr. Ahmad Aweidah, CEO of PEX praised the performance of listed companies in light of the local economic circumstances, hoping for better results in the future.