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WASSEL posts net income of $0.04 million at the end of 2018

2019-02-18

According to the financial statements of Palestinian Company for Distributors and Logistics Services WASSEL for year 2018, Net profit after tax of the period reached 45,094 USD Compared with Net profit after tax 38,502 USD for 2017, a net increase in profit of 17.12%.Total assets of the company reached 13,049,028 USD compared with total assets of 13,598,195 USD at the end of year 2017, a net decrease of 4.04%.Total liabilities of the company reached 6,233,852 USD compared with total liabilities of 6,153,701 USD at the end of year 2017, a net increase of 1.30%. Net ownership equity of the company reached 6,815,176 USD (Including Non-Controlling Interests of -58,978 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 8.45%.