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GCOM realizes net loss of $0.36 million in H1 2014

2014-08-17

According to Globalcom Telecommunications Company GCOM’s data for the first six months of the year, net loss reached (360,428) USD, compared with a net loss of (584,617) USD from the first six months of 2013, a net decrease in loss of 38.3%. Total assets of the company reached 4,649,601 USD as of June 30^th, 2014, compared to total assets of 4,723,404 USD as of December 31^st, 2013, a net decrease of 1.6%. Total liabilities of the company reached 1,342,663 USD as of June 30^th, 2014, compared to total liabilities of 1,106,857 USD as of December 31^st, 2013, a net increase of 21.3%. Net ownership equity of the company reached 3,306,938 USD as of June 30^th, 2014, compared with a net ownership equity of 3,616,547 USD as of December 31^st, 2013, a net decrease of 8.6% in the last six months.