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WASSEL realizes net loss of $3.60 million at the end of 2014

2015-02-16

According to Palestinian Distribution & Logistics Services Company WASSEL’s  consolidated data for year-end preliminary financial statements for year 2014, net loss reached (3,604,156) USD, compared with a net profit after tax reached 13,996 USD in the audited data for 2013. Total assets of the company reached 18,115,751 USD as of December 31st, 2014, compared to total assets of 17,990,096 USD as of December 31st, 2013, a net increase of 0.7%. Total liabilities of the company reached 12,879,014 USD as of December 31st, 2014, compared to total liabilities of 11,287,481 USD as of December 31st, 2013, a net increase of 14.1%. Net ownership equity of the company reached 5,236,737 USD (including 1,068,989 USD in Non-controlling interest) as of December 31st, 2014, compared with a net ownership equity of 6,702,615 USD (including 1,453,416 USD in Non-controlling interest) as of December 31st, 2013, a net decrease of 21.9%. Furthermore, paid-in capital decreased from 9,167,842 USD on December 31st, 2013 to 9,100,948 USD by December 31st, 2014, a decrease of 0.7%.


 

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