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ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-10

According to the financial statements of Al-Wataniah Towers ABRAJ for the 1st Quarter of 2020, Net profit after tax of the period reached 76,858 USD Compared with Net profit after tax 157,684 USD for 2019, a net decrease in profit of 51.26%.Total assets of the company reached 25,197,931 USD compared with total assets of 25,118,970 USD at the end of year 2019, a net increase of 0.31%.Total liabilities of the company reached 1,956,151 USD compared with total liabilities of 1,954,048 USD at the end of year 2019, a net increase of 0.10%. Net ownership equity of the company reached 23,241,780 USD compared with total owner equity of 23,164,922 USD at the end of year 2019, a net increase of 0.33%.