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WASSEL posts net income of $0.11 million at the end of 2016

2017-02-14

According to the financial statements of the Palestinian Company for Distribution and Logistics Services WASSEL for the year 2016, Net profit after tax of the period reached 107,807 USD Compared with Net Loss after tax (582,468) USD for 2015.Total assets of the company reached 11,860,833 USD compared with total assets of 28,972,184 USD at the end of year 2015, a net decrease of 59.06%.Total liabilities of the company reached 4,460,817 USD compared with total liabilities of 18,781,656 USD at the end of year 2015, a net decrease of 76.24%. Net ownership equity of the company reached 7,400,016 USD (Including Non-Controlling Interests of -62,312 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 27.38%.