PSE News

 

  Ahliea Insurance posts pretax income of $108.9 THD
May , 05 , 2013  
  Ahliea Insurance Group Company (AIG) posted net profit before tax of 108,939 USD, compared with a net profit before tax of 29,131USD from the first three months of 2012, a net increase of 274.0%.
 

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  PALTEL makes net income of JOD 23.20 mln for Q1
May , 05 , 2013  
  Palestine Telecommunications (PALTEL) reported net income of JOD 23.20 million for Q1-13; up by 2.72% than the same period of the year 2012, supported by achieving investment income of JOD 2.69 million compared to investment losses in the comparable period, The company’s operating revenues slightly decreased by 1.36% million, and the company also recorded an effective tax rate of 20.21% in Q1-13 compared to 19.41% in prior-year period. Therefore, PALTEL recorded a book value of JOD 3.66 and P/BV ratio of 1.30x.
 

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  Al-Quds Index closes 0.06% lower
May , 01 , 2013  
  The 'Al-Quds Index' closed at (456.59) points , a (-0.25) points (-0.06%) decrease compared to the last trading session. A Total of 391,589 shares were traded with a value of (483,211) USD , executed during (160) transactions.
 

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  Al-Mashriq Insurance posts pretax income of $0.02 mln for Q1
May , 01 , 2013  
  Al-Mashriq Insurance Company ( MIC)posted Q1-13 financial statements which reflected net profit before tax of 24,331 USD, compared with a net profit before tax of 151,936 USD from the first three months of 2012, a net decrease of 84.0%.
 

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  Al-Aqariya incurs losses of JOD 0.02 mln in Q1
May , 01 , 2013  
  Al-Aqariya Trading Investment Company ( AQARIYA) posted Q1-13 financial statements which reflected net losses of (17,131) JOD, compared with a net losses of (17,147) JOD from the first three months of 2012, a net decrease of 0.1%.
 

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  Arab Real Estate makes pretax income of JOD 0.004 mln in Q1
May , 01 , 2013  
  Arab Real Estate Establishment Company ( ARE) posted Q1-13 financial statements which reflected net profit before tax reached 4,055 JOD, compared with a net loss of (31,348) JOD from the first three months of 2012.
 

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  Arab Hotels sustains losses of JOD 0.51 mln in Q1
May , 01 , 2013  
  The Arab Hotels Company ( AHC) posted Q1-13 financial statements which reflected net losses of (509,345) JOD, compared with a net loss of (430,054) JOD from the first three months of 2012, a net increase in loss of 18.4%.
 

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  PADICO makes pretax income of $6.64 mln in Q1
May , 01 , 2013  
  PADICO Holding posted Q1-13 financial statements which reflected a net profit before tax reached $6.64 million, compared with $8.16 million in the year-ago period.
 

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  Bank of Palestine to pay out $26.05 mln dividend for FY12
May , 01 , 2013  
  Bank of Palestine (BOP) held its 47th ordinary annual General Assembly Meeting (AGM) on Friday, 26 April 2013 at the bank's headquarters in Ramallah and in Gaza via video conference. The General Assembly approved the board of directors' report, the financial statements for the year 2012, the external auditor's report, and the board of directors' remuneration. The General assembly endorsed the recommendation of BOP's board of directors to distribute $26,050,000 from realized profits to shareholders as follows (in proportion to each shareholder's ownership in paid capital as of 25 April 2013): $16 million as stock dividend raising the bank's paid-up capital to $ 150 million $10,050,000 as cash dividend
 

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  Wassel posts pretax income of JOD 0.09 mln for Q1
May , 01 , 2013  
  Palestinian Distribution & Logistics Services Company ( WASSEL) generated net profit before tax reached 88,739 JOD, compared with a net profit before tax of 222,112 JOD from the first three months of 2012, a net decrease of 60.0%.
 

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