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WASSEL posts net income of $0.62 million in H1 2023

2023-08-16

According to the financial statements of the Palestinian Company for Distribution & Logistics WASSEL for the first half of 2023, Net profit after tax of the period reached 618,460 USD Compared with Net profit after tax 440,741 USD for 2022, a net increase in profit of 40.32%.Total assets of the company reached 16,899,829 USD compared with total assets of 16,190,305 USD at the end of year 2022, a net increase of 4.38%.Total liabilities of the company reached 7,255,981 USD compared with total liabilities of 7,220,119 USD at the end of year 2022, a net increase of 0.49%. Net ownership equity of the company reached 9,643,848 USD (Including Non-Controlling Interests of -29,903 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 7.51%.