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WASSEL posts net income of $0.19 million in Q1 2016


According to the financial statements of the Palestinian Company for Distribution and Logistics Company WASSEL for Q1 2016, Net profit after tax of the period reached 189,184 USD Compared with Net Loss after tax (374,605) USD for 2015.Total assets of the company reached 11,914,189 USD compared with total assets of 28,972,184 USD at the end of year 2015, a net decrease of 58.88%.Total liabilities of the company reached 4,432,796 USD compared with total liabilities of 18,781,656 USD at the end of year 2015, a net decrease of 76.39%. Net ownership equity of the company reached 7,481,393 USD (Including Non-Controlling Interests of -64,467 USD) compared with total owner equity of 10,190,528 USD (Including Non-Controlling Interests of 2,832,909 USD) at the end of year 2015, a net decrease of 26.58%.


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