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ABRAJ posts net income of $0.16 million in 9M 2016


According to the financial statements of Al-wataniah Towers Company ABRAJ for the first nine months of 2016, Net profit after tax of the period reached 161,547 USD Compared with Net profit after tax 182,935 USD for 2015, a net decrease in profit of 11.69%.Total assets of the company reached 13,819,923 USD compared with total assets of 13,713,922 USD at the end of year 2015, a net increase of 0.77%.Total liabilities of the company reached 964,182 USD compared with total liabilities of 1,024,463 USD at the end of year 2015, a net decrease of 5.88%. Net ownership equity of the company reached 12,855,741 USD compared with total owner equity of 12,689,459 USD at the end of year 2015, a net increase of 1.31%.


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