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ABRAJ records net income of $0.02 million in Q1 2014

2014-04-23

According to Al-Wataniah Towers Company ( ABRAJ) data for the first three months of the year, net profit after taxes reached 25,981 USD, compared with a net profit after taxes of 60,778 USD from the first three months of 2013, a net decrease of 57.3%. Total assets of the company reached 13,390,658 USD as of March 31st, 2014, compared to total assets of 13,198,877 USD as of December 31st, 2013, a net increase of 1.5%. Total liabilities of the company reached 1,015,832 USD as of March 31st, 2014, compared to total liabilities of 850,032 USD as of December 31st, 2013, a net increase of 19.5%. Net ownership equity of the company reached 12,374,826 USD as of March 31st, 2014, compared with a net ownership equity of 12,348,845 USD as of December 31st, 2013, a net increase of 0.2% in the first three months.