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WASSEL posts net income of $0.12 million in 9M 2018

2018-11-15

According to the financial statements of Palestinian Company for Distribution and Logistics Services WASSEL for the first nine months of 2018, Net profit after tax of the period reached 118,618 USD Compared with Net profit after tax 25,370 USD for 2017, a net increase in profit of 367.55%.Total assets of the company reached 13,653,244 USD compared with total assets of 13,598,195 USD at the end of year 2017, a net increase of 0.40%.Total liabilities of the company reached 6,402,279 USD compared with total liabilities of 6,153,701 USD at the end of year 2017, a net increase of 4.03%. Net ownership equity of the company reached 7,250,965 USD (Including Non-Controlling Interests of -58,607 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 2.60%.