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OOREDOO reports net income of $0.10 million at the end of Y2018

2019-02-07

According to the financial statements of Wataniya Palestine Mobile Telecommunication OOREDOO for the year 2018, Net profit after tax of the period reached 100,474 USD Compared with Net Loss after tax (6,645,620) USD for 2017.Total assets of the company reached 251,561,403 USD compared with total assets of 279,628,395 USD at the end of year 2017, a net decrease of 10.04%.Total liabilities of the company reached 155,422,100 USD compared with total liabilities of 210,108,899 USD at the end of year 2017, a net decrease of 26.02%. Net ownership equity of the company reached 96,139,303 USD compared with total owner equity of 69,519,496 USD at the end of year 2017, a net increase of 38.29%.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%