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WASSEL posts net income of $0.18 million in 9M 2019

2019-10-31

According to the financial statements of the Palestinian Company for Distribution and Logistics WASSEL for the first nine months of 2019, Net profit after tax of the period reached 176,732 USD Compared with Net profit after tax 118,618 USD for 2018, a net increase in profit of 48.99%.Total assets of the company reached 15,304,728 USD compared with total assets of 12,697,734 USD at the end of year 2018, a net increase of 20.53%.Total liabilities of the company reached 8,569,842 USD compared with total liabilities of 6,139,580 USD at the end of year 2018, a net increase of 39.58%. Net ownership equity of the company reached 6,734,886 USD (Including Non-Controlling Interests of -58,187 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 2.69%.