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ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14

According to the financial statements of Al-Wataniah Towers Company ABRAJ for the year 2020, Net profit after tax of the period reached 1,277,524 USD Compared with Net profit after tax 1,461,777 USD for 2019, a net decrease in profit of 12.60%.Total assets of the company reached 26,566,418 USD compared with total assets of 25,118,970 USD at the end of year 2019, a net increase of 5.76%.Total liabilities of the company reached 2,068,360 USD compared with total liabilities of 1,954,048 USD at the end of year 2019, a net increase of 5.85%. Net ownership equity of the company reached 24,498,058 USD compared with total owner equity of 23,164,922 USD at the end of year 2019, a net increase of 5.76%.