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ABRAJ report net income of $0.25 million at the end of 2016

2017-02-15

According to the financial statements of Al-Wataniah Towers Company ABRAJ for the year 2016, Net profit after tax of the period reached 254,129 USD Compared with Net profit after tax 223,435 USD for 2015, a net increase in profit of 13.74%.Total assets of the company reached 13,889,817 USD compared with total assets of 13,713,922 USD at the end of year 2015, a net increase of 1.28%.Total liabilities of the company reached 917,822 USD compared with total liabilities of 1,024,463 USD at the end of year 2015, a net decrease of 10.40%. Net ownership equity of the company reached 12,971,995 USD compared with total owner equity of 12,689,459 USD at the end of year 2015, a net increase of 2.23%.