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WASSEL realizes net loss of $0.37 million in Q1 2015

2015-05-04

According to Palestinian Distribution & Logistics Services Company WASSEL’s data for the first three months of the year, net loss reached (374,605) USD, compared with a net loss of (125,010) USD from the first three months of 2014, a net increase in loss of 199.7%. Total assets of the company reached 21,107,948 USD as of March 31^st, 2015, compared to total assets of 18,009,788 USD as of December 31^st, 2014, a net increase of 17.2%. Total liabilities of the company reached 16,358,573 USD as of March 31^st, 2015, compared to total liabilities of 12,885,808 USD as of December 31^st, 2014, a net increase of 27.0%. Net ownership equity of the company reached 4,749,375 USD (including 1,050,386 USD in Non-controlling interest) as of March 31^st, 2015, compared with a net ownership equity of 5,123,980 USD (including 1,068,989 USD in Non-controlling interest) as of December 31^st, 2014, a net decrease of 7.3% in the first three months.