Nablus-23-3-2007:  Palestinian Securities Exchange said it has, yesterday, received Paltel’s Annual Audited Report, which includes the audited unified financial data of the last year, to be the fifth listed company publishes its audited financial data, and the first company among the services’ sector.

 

The annual report included names of Board of Directors members, Paltel Group Management Corporation, the company executive management and the speech of chairman of Board of Directors Sabih Al-Masri to the shareholders.

 

The report discussed the company’s state, vision and strategy, Social Responsibility Program’s vision, Paltel’s mission and activities’ historical narration since its establishment and the most important achievements in the last ten years.

 

The report also included the company’s growth indicators, lines, internet service, marketing offers, products and services programs, its contacts with the local and external world and the most important financial data and numbers.

 

Moreover, the report included an area for talking about the Group’s companies: “JAWWAL”, “HADARA”, “PAL MEDIA” and “HULUL”.

 

The report also included the financial data which was began by the independent auditor’s report. The data included the general budget, income sheet, list of changes on property rights, cash flow list, and then explanations about the unified financial sheets.

 

By comparing the included numbers of the audited financial data in the annual report with the numbers included in the primary closing data previously disclosed, which includes the same financial period, there were some differences in the data, whereas the assets increased in the audited data by an amount of 2224521 Jordanian Dinars over primary closing data. Moreover, the demands were decreased by 1902611 Jordanian Dinars, while the shareholders net Equity were decreased by 321910 Jordanian Dinars, which is the same amount by which net profit was decreased.

 

 

Disclosing the audited financial data through an annual report was coincided with disclosing the same data through the unified electronic disclosing form related to service sector. The stock market was published and distributed the annual report, the electronic disclosure and the company’s book after the annual report, coincidently and properly