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WASSEL realizes a net income of JOD 0.09 million in Q1 2014

2014-05-04

According to company data for the first three months of the year, net loss  reached (88,635) JOD, compared with a net profit after taxes of 80,239 JOD from the first three months of 2013. Total assets of the company reached 12,575,042 JOD as of March 31^st, 2014, compared to total assets of 12,613,897 JOD as of December 31^st, 2013, a net decrease of 0.3%. Total liabilities of the company reached 7,911,523 JOD as of March 31^st, 2014, compared to total liabilities of 7,861,743 JOD as of December 31^st, 2013, a net increase of 0.6%. Net ownership equity of the company reached 4,663,519 JOD (including 1,003,869 JOD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 4,752,154 JOD (including 1,030,472 JOD in Non-controlling interest) as of December 31^st, 2013, a net decrease of 1.9% in the first three months.