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WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02

According to the financial statements of Palestinian Company For Distribution and Logistics Services WASSEL for Q1 2017, Net profit after tax of the period reached 142,464 USD Compared with Net profit after tax 189,184 USD for 2016, a net decrease in profit of 24.70%.Total assets of the company reached 12,313,782 USD compared with total assets of 12,128,279 USD at the end of year 2016, a net increase of 1.53%.Total liabilities of the company reached 4,765,326 USD compared with total liabilities of 4,722,287 USD at the end of year 2016, a net increase of 0.91%. Net ownership equity of the company reached 7,548,456 USD (Including Non-Controlling Interests of -61,872 USD) compared with total owner equity of 7,405,992 USD (Including Non-Controlling Interests of -63,202 USD) at the end of year 2016, a net increase of 1.92%.