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ABRAJ posts net income of $0.08 million in H1 2016


According to  the financial statements of Al-Wataniah Towers Company ABRAJ for the first half of 2016, Net profit after tax of the period reached 81,792 USD Compared with Net profit after tax 156,779 USD for 2015, a net decrease in profit of 47.83%.Total assets of the company reached 13,949,914 USD compared with total assets of 13,713,922 USD at the end of year 2015, a net increase of 1.72%.Total liabilities of the company reached 1,136,998 USD compared with total liabilities of 1,024,463 USD at the end of year 2015, a net increase of 10.98%. Net ownership equity of the company reached 12,812,916 USD compared with total owner equity of 12,689,459 USD at the end of year 2015, a net increase of 0.97%.


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