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WASSEL posts net income of $0.11 million in Q1 2024

2024-05-15

According to the financial statements of the Palestinian Company for Distribution and Logistics WASSEL for the 1st Quarter of 2024, Net profit after tax of the period reached 105,673 USD Compared with Net profit after tax 378,360 USD for 2023, a net decrease in profit of 72.07%.Total assets of the company reached 16,957,980 USD compared with total assets of 17,346,219 USD at the end of year 2023, a net decrease of 2.24%.Total liabilities of the company reached 7,889,474 USD compared with total liabilities of 8,329,526 USD at the end of year 2023, a net decrease of 5.28%. Net ownership equity of the company reached 9,068,506 USD (Including Non-Controlling Interests of -26,675 USD) compared with total owner equity of 9,016,693 USD (Including Non-Controlling Interests of -27,795 USD) at the end of year 2023, a net increase of 0.57%.