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WASSEL posts net income of $0.26 million in 2019

2020-02-16

According to the financial statements of the Palestinian Distribution and Logistics Company WASSEL for the year 2019, Net profit after tax of the period reached 257,175 USD Compared with Net profit after tax 43,072 USD for 2018, a net increase in profit of 497.08%.Total assets of the company reached 15,230,894 USD compared with total assets of 12,697,734 USD at the end of year 2018, a net increase of 19.95%.Total liabilities of the company reached 8,415,565 USD compared with total liabilities of 6,139,580 USD at the end of year 2018, a net increase of 37.07%. Net ownership equity of the company reached 6,815,329 USD (Including Non-Controlling Interests of -54,557 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 3.92%.