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ABRAJ posts net income of $0.13 million in 9M 2014

2014-10-21

According to Al-Wataniah Towers Company’s data for the first nine months of the year, net profit after taxes reached 135,686 USD, compared with a net profit after taxes of 239,336 USD from the first nine months of 2013, a net decrease of 43.3%. Total assets of the company reached 13,200,623 USD as of September 30^th, 2014, compared to total assets of 13,198,877 USD as of December 31^st, 2013, a net increase of 0.01%. Total liabilities of the company reached 716,092 USD as of September 30^th, 2014, compared to total liabilities of 850,032 USD as of December 31^st, 2013, a net decrease of 15.8%. Net ownership equity of the company reached 12,484,531 USD as of September 30^th, 2014, compared with a net ownership equity of 12,348,845 USD as of December 31^st, 2013, a net increase of 1.1% in the first nine months.