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WASSEL posts net income of $0.23 million in Q1 2022

2022-05-15

According to the financial statements of the Palestinian Company for Distribution and Logistics Services WASSEL for the 1st Quarter of 2022, Net profit after tax of the period reached 229,721 USD Compared with Net profit after tax 80,371 USD for 2021, a net increase in profit of 185.83%.Total assets of the company reached 14,543,017 USD compared with total assets of 14,121,316 USD at the end of year 2021, a net increase of 2.99%.Total liabilities of the company reached 6,663,669 USD compared with total liabilities of 6,511,691 USD at the end of year 2021, a net increase of 2.33%. Net ownership equity of the company reached 7,879,348 USD (Including Non-Controlling Interests of -34,179 USD) compared with total owner equity of 7,609,625 USD (Including Non-Controlling Interests of -35,188 USD) at the end of year 2021, a net increase of 3.54%.