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WASSEL records net income of $0.13 million in 9M 2016

2016-10-31

According to the financial statements of the Palestinian Company for Distribution & Logistics Services WASSEL for the first nine months of 2016, Net profit after tax of the period reached 127,195 USD Compared with Net Loss after tax (533,871) USD for 2015.Total assets of the company reached 11,970,782 USD compared with total assets of 28,972,184 USD at the end of year 2015, a net decrease of 58.68%.Total liabilities of the company reached 4,551,378 USD compared with total liabilities of 18,781,656 USD at the end of year 2015, a net decrease of 75.76%. Net ownership equity of the company reached 7,419,404 USD (Including Non-Controlling Interests of -63,287 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 27.19%.