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ABRAJ posts net income of $0.03 million in Q1 2015

2015-04-30

According to Al-Wataniah Towers Company ABRAJ’s data for the first three months of the year, net profit after taxes reached 29,576 USD, compared with a net profit after taxes of 25,981 USD from the first three months of 2014, a net increase of 13.8%. Total assets of the company reached 13,157,843 USD as of March 31st, 2015, compared to total assets of 13,050,322 USD as of December 31st, 2014, a net increase of 0.8%. Total liabilities of the company reached 674,680 USD as of March 31st, 2015, compared to total liabilities of 596,735 USD as of December 31st, 2014, a net increase of 13.1%. Net ownership equity of the company reached 12,483,163 USD as of March 31st, 2015, compared with a net ownership equity of 12,453,587 USD as of December 31st, 2014, a net increase of 0.2% in the first three months.