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ABRAJ posts net income of $0.27 million in H1 2019

2019-08-20

According to financial statements of Al-Wataniah Towers Company ABRAJ for the first half of 2019, Net profit after tax of the period reached 274,166 USD Compared with Net profit after tax 526,246 USD for 2018, a net decrease in profit of 47.90%.Total assets of the company reached 23,840,483 USD compared with total assets of 23,550,652 USD at the end of year 2018, a net increase of 1.23%.Total liabilities of the company reached 1,863,172 USD compared with total liabilities of 1,847,507 USD at the end of year 2018, a net increase of 0.84%. Net ownership equity of the company reached 21,977,311 USD compared with total owner equity of 21,703,145 USD at the end of year 2018, a net increase of 1.26%.