Mondo Visione Worldwide Financial Markets Intelligence

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Palestine Securities Exchange (PEX) Listed Companies Net Profits Grow 22% In 2015 And Hit USD 273m

Date 02/03/2016

PEX 2015 aggregated net profits amounted to USD 273,340,727 a growth of 22% compared with the same period of 2014.

The disclosure period ended with 86% compliance from listed companies with seven companies failing to disclose within the set deadline.

The preliminary financial results showed that thirty six of forty nine listed companies achieved a net profit of USD 285,356,814; the twelve loss making companies recorded a total loss of USD 12,016,088 a decline of 64% compared to 2014. 

Mr. Ahmad Aweidah, CEO of PEX stated that Palestine exchange is currently one of the most stable exchanges in the MENA region. He hoped that the performance of the listed companies will impact positively the PEX trading volumes and liquidity levels during the year 2016.

 

To view detailed table of 2015 disclosures, please visit:

http://www.pex.ps/PSEWEBSITE/NEWS/FS-Annual-Preliminary-2015-Disclosure-English.pdf