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WATANIYA realizes net loss of $10.67 million in 9M 2014

2014-10-23

According to Wataniya Palestine Mobile Telecommunications Company WATANIYA’s data for the first nine months of the year, net loss reached (10,669,334) USD, compared with a net loss of (17,480,220) USD from the first nine months of 2013, a net decrease in loss of 39.0%. Total assets of the company reached 274,738,764 USD as of September 30^th, 2014, compared to total assets of 279,762,032 USD as of December 31^st, 2013, a net decrease of 1.8%. Total liabilities of the company reached 194,042,099 USD as of September 30^th, 2014, compared to total liabilities of 188,396,033 USD as of December 31^st, 2013, a net increase of 3.0%. Net ownership equity of the company reached 80,696,665 USD as of September 30^th, 2014, compared with a net ownership equity of 91,365,999 USD as of December 31^st, 2013, a net decrease of 11.7% in the first nine months.