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WATANIYA realizes net loss of $1.65 million in H1 2018

2018-07-29

According to the financial statements of Wataniya Palestine mobile Telecommunications WATANIYA for the first half of 2018, Net Loss after tax of the period reached (1,647,694) USD Compared with Net Loss after tax (1,374,965) USD for 2017, a net increase in loss of 19.84%.Total assets of the company reached 294,186,893 USD compared with total assets of 279,628,395 USD at the end of year 2017, a net increase of 5.21%.Total liabilities of the company reached 199,795,758 USD compared with total liabilities of 210,108,899 USD at the end of year 2017, a net decrease of 4.90%. Net ownership equity of the company reached 94,391,135 USD compared with total owner equity of 69,519,496 USD at the end of year 2017, a net increase of 35.78%.Noting that paid-in capital increased from 258,000,000 USD in year 2017 to 293,000,000 USD of this year, a net increase of 13.57%.