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Globalcom Telecommunications Company realizes loss of $0.24 million in Q1 2013

2013-04-30

According to Globalcom Telecommunications Company ( GCOM)’s data for the first three months of the year, net loss reached (242,523) USD, compared with a net loss of (288,076) USD from the first three months of 2012, a net decrease in loss of 15.8%. Total assets of the company reached 5,576,610 USD as of March 31^st, 2013, compared to total assets of 5,626,666 USD as of December 31^st, 2012, a net decrease of 0.9%. Total liabilities of the company reached 705,026 USD as of March 31^st, 2013, compared to total liabilities of 512,559 USD as of December 31^st, 2012, a net increase of 37.6%. Net ownership equity of the company reached 4,871,584 USD as of March 31^st, 2013, compared with net ownership equity of 5,114,107 USD as of December 31^st, 2012, a net decrease of 4.7% in the first three months.