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WATANIYA realizes net loss of $4.37 million in Q1 2014

2014-04-23

According to Wataniya Palestine Mobile Telecommunications Company ( WATANIYA) data for the first three months of the year, net loss reached (4,370,179) USD, compared with a net loss of (6,290,359) USD from the first three months of 2013, a net decrease in loss of 30.5%. Total assets of the company reached 275,880,146 USD as of March 31^st, 2014, compared to total assets of 279,762,032 USD as of December 31^st, 2013, a net decrease of 1.4%. Total liabilities of the company reached 188,884,326 USD as of March 31^st, 2014, compared to total liabilities of 188,396,033 USD as of December 31^st, 2013, a net increase of 0.3%. Net ownership equity of the company reached 86,995,820 USD as of March 31^st, 2014, compared with net ownership equity of 91,365,999 USD as of December 31^st, 2013, a net decrease of 4.8% in the first three months.