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WASSEL records net income of $0.02 million in 9M 2017

2017-11-01

According to the financial statements of Palestinian Company for Distribution and Logistics Services WASSEL for the first nine months of 2017, Net profit after tax of the period reached 25,370 USD Compared with Net profit after tax 127,195 USD for 2016, a net decrease in profit of 80.05%.Total assets of the company reached 12,692,379 USD compared with total assets of 12,128,279 USD at the end of year 2016, a net increase of 4.65%.Total liabilities of the company reached 5,261,017 USD compared with total liabilities of 4,722,287 USD at the end of year 2016, a net increase of 11.40%. Net ownership equity of the company reached 7,431,362 USD (Including Non-Controlling Interests of -62,215 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 0.34%.