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WASSEL posts net income of $0.07 million in H1 2019

2019-08-25

According to the financial statements of the Palestinian Company for Distribution and Logistics Services WASSEL for the first half of 2019, Net profit after tax of the period reached 70,955 USD Compared with Net profit after tax 11,074 USD for 2018, a net increase in profit of 540.74%.Total assets of the company reached 14,807,469 USD compared with total assets of 12,697,734 USD at the end of year 2018, a net increase of 16.62%.Total liabilities of the company reached 8,178,360 USD compared with total liabilities of 6,139,580 USD at the end of year 2018, a net increase of 33.20%. Net ownership equity of the company reached 6,629,109 USD (Including Non-Controlling Interests of -57,201 USD) compared with total owner equity of 6,558,154 USD (Including Non-Controlling Interests of -58,978 USD) at the end of year 2018, a net increase of 1.08%.