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PEX reports 211% profit surge in 2014

PEX reports 211% profit surge in 2014
Photo Credit: Arabianeye-Reuters
PSE
PSE
-4.47% 2.35 -0.11

 

Preliminary financials for Palestine Stock Exchange (PEX) for the fiscal year 2014 revealed a net profit after tax of $243,224 against a loss of $219,630 during FY13, registering a profit growth by 210.7%.

According to the Company’s statement on the PEX website, the Company’s total assets reached $11.480 million during the year against $11.366 million in 2013, an increase by one percent.

Total shareholders’ equity by the end of 2014 reached $10.35 million against $10.063 million in FY13, an increase by 2.9%.