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WASSEL posts net income of $0.08 million in Q1 2021

2021-06-01

According to the financial statements of the Palestinian Company for Distribution and Logistics WASSEL for the 1st Quarter of 2021, Net profit after tax of the period reached 80,371 USD Compared with Net profit after tax 34,496 USD for 2020, a net increase in profit of 132.99%.Total assets of the company reached 12,789,766 USD compared with total assets of 13,784,003 USD at the end of year 2020, a net decrease of 7.21%.Total liabilities of the company reached 5,840,902 USD compared with total liabilities of 6,915,510 USD at the end of year 2020, a net decrease of 15.53%. Net ownership equity of the company reached 6,948,864 USD (Including Non-Controlling Interests of -39,677 USD) compared with total owner equity of 6,868,493 USD (Including Non-Controlling Interests of -40,388 USD) at the end of year 2020, a net increase of 1.17%.