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Palestinian Distribution & Logistics Services Company achieves pretax income of JD0.09 million in Q1 2013

2013-05-01

According to Palestinian Distribution & Logistics Services Company ( WASSEL)’s data for the first three months of the year, net profit before tax reached 88,739 JOD, compared with a net profit before tax of 222,112 JOD from the first three months of 2012, a net decrease of 60.0%. Total assets of the company reached 13,705,930 JOD as of March 31^st, 2013, compared to total assets of 13,247,858 JOD as of December 31^st, 2012, a net increase of 3.5%. Total liabilities of the company reached 8,010,678 JOD as of March 31^st, 2013, compared to total liabilities of 7,632,845 JOD as of December 31^st, 2012, a net increase of 5.0%. Net ownership equity of the company reached 5,695,252 JOD (including 1,305,765 JOD in Non-controlling interest) as of March 31^st, 2013, compared with a net ownership equity of 5,615,013 JOD (including 1,308,442 JOD in Non-controlling interest) as of December 31^st, 2012, a net increase of 1.4% in the first three months.