Profits of listed companies on Palestine bourse grew 20% in 2015

34 of 49 listed companies on the Palestine Exchange (PEX) achieved profit in 2015.

Final results of 2015 show that net profits amounted to US$ 269,033,908 million, a growth of 20 percent in comparison to 2014. Results show that the thirty five companies achieved profits of US$281,380,404 million, while the net loss of the other eleven companies was US$12,346,497 million, a decrease of 62 percent in comparison to 2014. Three companies failed to disclose their annual results.

Ahmad Aweidah, CEO of the PEX expressed his satisfaction from these results. He said:

“This is a clear message of the ability of our listed companies to generate profits and maintain a constant trend of growth year after year in spite of our challenging economic and political conditions”.