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WATANIYA realizes net loss of $17.48 million in 9M 2013

2013-10-22

According to Wataniya Palestine Mobile Telecommunications Company ( WATANIYA)’s data for the first nine months of the year, net loss reached (17,480,220) USD, compared with a net loss of (16,906,378) USD from the first nine months of 2012, a net increase in loss of 3.4%. Total assets of the company reached 276,918,895 USD as of September 30^th, 2013, compared to total assets of 293,648,218 USD as of December 31^st, 2012, a net decrease of 5.7%. Total liabilities of the company reached 181,708,234 USD as of September 30^th, 2013, compared to total liabilities of 180,957,337 USD as of December 31^st, 2012, a net increase of 0.4%. Net ownership equity of the company reached 95,210,661 USD as of September 30^th, 2013, compared with a net ownership equity of 112,690,881 USD as of December 31^st, 2012, a net decrease of 15.5% in the first nine months.