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WASSEL realizes net loss of $0.53 million in H1 2015

2015-08-17

According to the Palestinian Distribution & Logistics Services Company WASSEL’s data for the first six months of the year, net loss of (526,629) USD, compared with a net loss of (328,879) USD from the first six months of 2014, a net increase in loss of 60.1%.Total assets of the company reached 27,028,768 USD as of June 30^th, 2015, compared to total assets of 18,009,788 USD as of December 31^st, 2014, a net increase of 50.1%. Total liabilities of the company reached 17,282,401 USD as of June 30^th, 2015, compared to total liabilities of 12,885,808 USD as of December 31^st, 2014, a net increase of 34.1%. Net ownership equity of the company reached 9,746,367 USD (including 2,279,026 USD in Non-controlling interest) as of June 30^th, 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 increase of 90.2% in the last six months. Furthermore, paid-in capital increased from 9,100,984 USD on December 31^st, 2014 to 13,000,000 USD by June 30^th, 2015, an increase of 42.8%.