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WASSEL realizes net loss of $0.19 million in H1 2020

2020-09-03

According to the financial statements of the Palestinian Company for Distribution & Logistics Services WASSEL for first half of 2020, Net Loss after tax of the period reached (193,114) USD Compared with Net profit after tax 70,955 USD for 2019.Total assets of the company reached 14,649,561 USD compared with total assets of 14,591,473 USD at the end of year 2019, a net increase of 0.40%.Total liabilities of the company reached 8,145,015 USD compared with total liabilities of 7,893,813 USD at the end of year 2019, a net increase of 3.18%. Net ownership equity of the company reached 6,504,546 USD (Including Non-Controlling Interests of -48,036 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 decrease of 2.88%.