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WASSEL posts net income of $0.17 million in 2020


According to the financial statements of the Palestinian Company for Distribution & Logistics Company WASSEL for the year 2020, Net profit after tax of the period reached 171,140 USD Compared with Net profit after tax 139,506 USD for 2019, a net increase in profit of 22.68%.Total assets of the company reached 13,748,137 USD compared with total assets of 14,591,473 USD at the end of year 2019, a net decrease of 5.78%.Total liabilities of the company reached 6,879,337 USD compared with total liabilities of 7,893,813 USD at the end of year 2019, a net decrease of 12.85%. Net ownership equity of the company reached 6,868,800 USD (Including Non-Controlling Interests of -39,371 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 2.56%.



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