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WASSEL posts net income of $0.27 million in H1 2021

2021-08-17

According to the financial statements of the Palestinian Company for Distribution & Logistics WASSEL for the first half of 2021, Net profit after tax of the period reached 265,831 USD Compared with Net Loss after tax (193,114) USD for 2020.Total assets of the company reached 13,584,489 USD compared with total assets of 13,784,003 USD at the end of year 2020, a net decrease of 1.45%.Total liabilities of the company reached 6,450,165 USD compared with total liabilities of 6,915,510 USD at the end of year 2020, a net decrease of 6.72%. Net ownership equity of the company reached 7,134,324 USD (Including Non-Controlling Interests of -37,391 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 3.87%.