"Paltel" Reports $8.6 Million Profit in the First Half of 2025

SadaNews - Paltel revealed its consolidated financial results for the first half of 2025, recording net profits attributable to the company's shareholders of $8.6 million, compared to $7.2 million during the same period last year, representing a growth of 19.2%.

This growth in Paltel's profits reflects the improved performance of its subsidiary and affiliate companies, particularly in the industrial and agricultural sectors, and the financial sector represented by the Palestine Stock Exchange, despite ongoing political and economic challenges.

In terms of financial position, total consolidated assets increased by 13.3% to reach $818.9 million, while total liabilities declined by 5.4% to $304.2 million. Consolidated equity rose by 28.3% to $514.7 million compared to the end of last year, and the book value per share was $1.77.

It is noteworthy that the Palestine Development and Investment Company (Paltel) is a public joint-stock company that invests in key economic sectors in Palestine, including telecommunications and information technology, real estate, finance, industry, agriculture, tourism, infrastructure, and energy.