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WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18

According to the financial statements of Palestinian Company For Distribution and Logistics Services WASSEL for the year 2017, Net profit after tax of the period reached 65,841 USD Compared with Net profit after tax 113,783 USD for 2016, a net decrease in profit of 42.13%.Total assets of the company reached 13,604,735 USD compared with total assets of 12,128,279 USD at the end of year 2016, a net increase of 12.17%.Total liabilities of the company reached 6,132,902 USD compared with total liabilities of 4,722,287 USD at the end of year 2016, a net increase of 29.87%. Net ownership equity of the company reached 7,471,833 USD (Including Non-Controlling Interests of -58,164 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 0.89%.