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WASSEL realizes net loss of $0.45 million in 2015

2016-02-16

According to the financial statements of the Palestinian Company for Distribution and Logistics Company WASSEL for the year 2015, Net Loss after tax of the period reached (452,172) USD Compared with Net Loss after tax (3,500,177) USD for 2014, a net decrease in loss of 87.08%.Total assets of the company reached 31,250,613 USD compared with total assets of 18,009,788 USD at the end of year 2014, a net increase of 73.52%.Total liabilities of the company reached 21,429,789 USD compared with total liabilities of 12,885,808 USD at the end of year 2014, a net increase of 66.30%. Net ownership equity of the company reached 9,820,824 USD (Including Non-Controlling Interests of 2,356,463 USD) compared with total owner equity of 5,123,980 USD (Including Non-Controlling Interests of 1,068,989 USD) at the end of year 2014, a net increase of 91.66%.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%.