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GCOM realizes net loss of $0.59 million at the end of 2014

2015-02-15

According to Globalcom Telecommunications Company GCOM’s data for year-end preliminary financial statements for year 2014, net loss reached (590,500) USD, compared with a net loss of (1,497,560) USD in the audited data for 2013, a net decrease in loss of 60.6%. Total assets of the company reached 4,540,689 USD as of December 31st , 2014, compared to total assets of 4,723,404 USD as of December 31st, 2013, a net decrease of 3.9%. Total liabilities of the company reached 1,468,438 USD as of December 31st , 2014, compared to total liabilities of 1,106,857 USD as of December 31st, 2013, a net increase of 32.7%. Net ownership equity of the company reached 3,072,251 USD as of December 31st , 2014, compared with a net ownership equity of 3,616,547 USD as of December 31st , 2013, a net decrease of 15.1%.