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OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18

According to the financial statements of Wataniya Palestine Mobile Telecommunications OOREDOO for the1st Quarter of 2020, Net profit after tax of the period reached 1,280,222 USD Compared with Net Loss after tax (1,026,370) USD for 2019.Total assets of the company reached 227,756,775 USD compared with total assets of 237,906,213 USD at the end of year 2019, a net decrease of 4.27%.Total liabilities of the company reached 130,432,569 USD compared with total liabilities of 141,862,229 USD at the end of year 2019, a net decrease of 8.05%. Net ownership equity of the company reached 97,324,206 USD compared with total owner equity of 96,043,984 USD at the end of year 2019, a net increase of 1.33%.