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WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18

According to the financial statements of the Palestinian Company for Distribution and Logistics WASSEL for the 1st Quarter of 2020, Net profit after tax of the period reached 34,496 USD Compared with Net profit after tax 90,364 USD for 2019, a net decrease in profit of 61.83%.Total assets of the company reached 14,542,084 USD compared with total assets of 14,591,473 USD at the end of year 2019, a net decrease of 0.34%.Total liabilities of the company reached 7,809,928 USD compared with total liabilities of 7,893,813 USD at the end of year 2019, a net decrease of 1.06%. Net ownership equity of the company reached 6,732,156 USD (Including Non-Controlling Interests of -50,819 USD) compared with total owner equity of 6,697,660 USD (Including Non-Controlling Interests of -50,764 USD) at the end of year 2019, a net increase of 0.52%.