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WASSEL posts net income of $0.53 million in 9M 2023

2023-12-10

According to the financial statements of the Palestinian Company for Distribution & Logistics Services WASSEL  for the first nine months of 2023, Net profit after tax of the period reached 533,148 USD Compared with Net profit after tax 732,769 USD for 2022, a net decrease in profit of 27.24%.Total assets of the company reached 17,520,566 USD compared with total assets of 16,190,305 USD at the end of year 2022, a net increase of 8.22%.Total liabilities of the company reached 8,081,265 USD compared with total liabilities of 7,220,119 USD at the end of year 2022, a net increase of 11.92%. Net ownership equity of the company reached 9,439,301 USD (Including Non-Controlling Interests of -28,485 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 5.23%.