NABLUS, Thursday, November 08, 2018 (WAFA) – Palestine Securities Exchange (PSE) announced this week its financial results for the nine months of the year ending September 30, 2018, which showed a net profit of $669,120 an increase of 82% compared to $367,401 in the same period of 2017, according to a press release.
Net profit for the third quarter 2018 alone was $116,152 compared to $472,364 in the same period of 2017, a decrease of 75%.
Gross revenues for the nine months of 2018 were $2,397,831 compared to $2,510,268 in the same period of 2017, a decrease of 4%. Operational revenues amounted to $1,952,015 and other revenues were $445,816 respectively.
Expenses for the nine months 2018 amounted to $1,597,901 compared to $2,120,116 during the same period of 2017, a decrease of 25%. Revenues for the third quarter alone were $651,042 compared to $1,048,941 in the same period 2017, and expenses for the same period were $514,133 compared to $553,826 in the third quarter of 2017.
Trading Value in the nine months of 2018 decreased by 6% compared to the same period in 2017 and reached $313 million. Trading commissions are a main source of income for the company.