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GCOM realizes net loss of $0.52 million in 9M 2014

2014-11-02

According to Globalcom Telecommunications Company GCOM’s data for the first nine months of the year, net loss reached (516,287) USD, compared with a net loss of (870,914) USD from the first nine months of 2013, a net decrease in loss of 40.7%. Total assets of the company reached 4,648,977 USD as of September 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 1,465,170 USD as of September 30^th, 2014, compared to total liabilities of 1,106,857 USD as of December 31^st, 2013, a net increase of 32.4%. Net ownership equity of the company reached 3,183,807 USD as of September 30^th, 2014, compared with a net ownership equity of 3,616,547 USD as of December 31^st, 2013, a net decrease of 12.0% in the first nine months.