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WASSEL realizes net loss of $0.53 million in 9M 2015

2015-11-01

According to the financial statements of the Palestinian Company for Distribution and Logistics Services WASSEL for the first nine months of 2015, Net Loss after tax of the period reached (533,871) USD Compared with Net Loss after tax (765,937) USD for 2014, a net decrease in loss of 30.30%.Total assets of the company reached 29,950,010 USD compared with total assets of 18,009,788 USD at the end of year 2014, a net increase of 66.30%.Total liabilities of the company reached 20,210,885 USD compared with total liabilities of 12,885,808 USD at the end of year 2014, a net increase of 56.84%. Net ownership equity of the company reached 9,739,125 USD (Including None-Controlling Interests of 2,282,087 USD) compared with total owner equity of 5,123,980 USD (Including None-Controlling Interests of 1,068,989 USD) at the end of year 2014, a net increase of 90.07%.Noting that paid-in capital increased from 9,100,984 USD in year 2014 to 13,000,000 USD of this year, a net increase of 42.84%