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ABRAJ records net income of $0.18 million at the end of 2014

2015-02-15

According to Al-Wataniah Towers Company ABRAJ’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 183,142 USD, compared with a net profit after tax of 352,437 USD in the audited data for 2013, a net decrease of 48.0%. Total assets of the company reached 13,128,722 USD as of December 31st , 2014, compared to total assets of 13,198,877 USD as of December 31st, 2013, a net decrease of 0.53%. Total liabilities of the company reached 596,735 USD as of December 31st , 2014, compared to total liabilities of 850,032 USD as of December 31st, 2013, a net decrease of 29.8%. Net ownership equity of the company reached 12,531,987 USD as of December 31st , 2014, compared with a net ownership equity of 12,348,845 USD as of December 31st , 2013, a net increase of 1.5%.