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(MENAFN – Palestine News Network)> The consolidated interim financial results of Ramallah / PNN – Palestine Telecommunications Group for the first half of 2019 showed a net profit of 35.5 million Jordanian dinars against 36.6 million Jordanian dinars first half of the previous year.
Sabeeh Al-Masri, chairman of the board of directors of the Palestinian Telecommunications Group, said the board of directors welcomed the financial results of the telecom companies, especially as they take into account the situation. delicate economic situation of the Palestinian people in various sectors, due to the Israeli policy that led to the financial crisis of the Palestinian budget. Achieve this performance by diversifying its sources of profit and its distinct investment policy.
Al-Masri reaffirmed its pride that the group is the largest employer in the Palestinian market, stressing that the private sector has more responsibility to ensure that the economy continues to recover, by continuing to create jobs and jobs. to attract young talents and graduates.
Al-Masri confirmed that the group had paid all its licensing obligations as agreed, because of its belief that it was necessary to support the Palestinian economy as a whole.
"The Group's achievements in expanding its networks and developing into new sectors such as real estate and technology are based on a long-term investment policy and strategic planning aimed at preserve the value of the Group's shares and maintain capital growth.
For its part, the CEO of the group Ammar Aker, which, despite intense competition and deemed unfair, particularly in the segment related to segments of Israeli companies and promote them in the local market, the services of the group are the best in terms quality and price, compared to neighboring markets.
Al Aker pointed out that the companies in the group applied the policies of the board of directors and reflected the investment policies on the one hand, and worked on the development of services provided to the public, on the other hand on the other hand, in order to continue to maintain the high confidence placed in them, stressing that despite the decline in revenues, the group remained open during the first half of the year. In 2019, we reduced the administrative and operating expenses of Group companies, which had a significant positive impact on financial results.
In the same context, Al-Aker said that the telecommunications group was responsible for the social responsibility that accompanied its progress in recent years and since its inception, highlighting its support for essential services and projects in different governorates West Bank and Gaza Strip, in addition to the distribution of 300 technical student grants to reach the number of beneficiaries. From the grant of 5,100 students in the telecommunications group to date, other projects and sponsorships implemented by the group.
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