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WASSEL records net income of $0.12 million in Q1 2018

2018-04-30

According to the financial statements of Palestinian Company for Distribution and Logistics Services WASSEL  for the quarter of 2018, Net profit after tax of the period reached 124,157 USD Compared with Net profit after tax 142,464 USD for 2017, a net decrease in profit of 12.85%.Total assets of the company reached 13,633,585 USD compared with total assets of 13,598,195 USD at the end of year 2017, a net increase of 0.26%.Total liabilities of the company reached 6,064,934 USD compared with total liabilities of 6,153,701 USD at the end of year 2017, a net decrease of 1.44%. Net ownership equity of the company reached 7,568,651 USD (Including Non-Controlling Interests of -56,989 USD) compared with total owner equity of 7,444,494 USD (Including Non-Controlling Interests of -58,764 USD) at the end of year 2017, a net increase of 1.67%.