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WASSEL posts net income of $0.49 million in 9M 2021

2021-11-01

According to the financial statements of the Palestinian Company for Distribution and Logistics WASSEL for the first nine months of 2021, Net profit after tax of the period reached 486,390 USD Compared with Net Loss after tax (262,102) USD for 2020.Total assets of the company reached 13,674,092 USD compared with total assets of 13,784,003 USD at the end of year 2020, a net decrease of 0.80%.Total liabilities of the company reached 6,319,209 USD compared with total liabilities of 6,915,510 USD at the end of year 2020, a net decrease of 8.62%. Net ownership equity of the company reached 7,354,883 USD (Including Non-Controlling Interests of -32,080 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 7.08%.