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WASSEL posts net income of $0.38 million in Q1 2023

2023-05-17

According to the financial statements of the Palestinian Company for Distribution & Logistics Services WASSEL for the 1st Quarter of 2023, Net profit after tax of the period reached 378,360 USD Compared with Net profit after tax 229,721 USD for 2022, a net increase in profit of 64.70%.Total assets of the company reached 16,934,119 USD compared with total assets of 16,190,305 USD at the end of year 2022, a net increase of 4.59%.Total liabilities of the company reached 7,433,190 USD compared with total liabilities of 7,220,119 USD at the end of year 2022, a net increase of 2.95%. Net ownership equity of the company reached 9,500,929 USD (Including Non-Controlling Interests of -30,764 USD) compared with total owner equity of 8,970,186 USD (Including Non-Controlling Interests of -31,975 USD) at the end of year 2022, a net increase of 5.92%.