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WASSEL records net income of $0.01 million in H1 2018


According to the financial statements of Palestinian Company For Distribution and Logistics Services WASSEL for the first half of 2018, Net profit after tax of the period reached 11,074 USD Compared with Net profit after tax 73,134 USD for 2017, a net decrease in profit of 84.86%.Total assets of the company reached 13,790,237 USD compared with total assets of 13,598,195 USD at the end of year 2017, a net increase of 1.41%.Total liabilities of the company reached 6,646,816 USD compared with total liabilities of 6,153,701 USD at the end of year 2017, a net increase of 8.01%. Net ownership equity of the company reached 7,143,421 USD (Including Non-Controlling Interests of -59,197 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 decrease of 4.04%.



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