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WATANIYA realizes net loss of $16.52 million at the end of 2014

2015-02-16

According to Wataniya Palestine Mobile Telecommunications Company WATANIYA’s audited data for year-end preliminary financial statements for year 2014, net loss reached (16,525,607) USD, compared with a net loss of (21,324,882) USD in 2013, a net decrease in loss of 22.5%. Total assets of the company reached 268,180,272 USD as of December 31^st, 2014, compared to total assets of 279,762,032 USD as of December 31^st, 2013, a net decrease of 4.1%. Total liabilities of the company reached 193,339,880 USD as of December 31^st, 2014, compared to total liabilities of 188,396,033 USD as of December 31^st, 2013, a net increase of 2.6%. Net ownership equity of the company reached 74,840,392 USD as of December 31^st, 2014, compared with a net ownership equity of 91,365,999 USD as of December 31^st, 2013, a net decrease of 18.1%.