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September 20, 2017
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Profits of listed companies on the Palestine Exchange grew 6% in 2016
Palestine Exchange
Posted: Thursday, 14 Sep 2017

The annual results disclosure period ended on the Palestine Exchange (PEX), 92% of listed companies were able to disclose within the set deadline, 82% were profitable in 2016. Final results of 2016 show that net profit amounted to 282,663,542 USD, a growth of 6.20% in comparison to 2015. Results also show that the thirty Seven companies achieved profits of 293,783,164 USD, while the net loss of the other eight companies was 11,119,622 USD, a decrease of 12% in comparison to 2015. Four companies failed to disclose their annual results. Ahmad Aweidah, CEO of the PEX expressed his satisfaction. He said: “This is a clear message of the ability of our listed companies to continue to generate profits and to maintain growth year after year in spite of our challenging economic and political conditions”.

Related Link: http://www.pex.ps/PSEWEBSITE/NEWS/11042017.docx
 
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