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WASSEL posts net income of $0.53 million in H1 2024

2024-08-13

According to the financial statements of the Palestinian Company for Distribution and Logistics Services WASSEL for  the first half of 2024, Net profit after tax of the period reached 532,492 USD Compared with Net profit after tax 618,460 USD for 2023, a net decrease in profit of 13.90%.Total assets of the company reached 17,016,599 USD compared with total assets of 17,346,219 USD at the end of year 2023, a net decrease of 1.90%.Total liabilities of the company reached 7,635,215 USD compared with total liabilities of 8,329,526 USD at the end of year 2023, a net decrease of 8.33%. Net ownership equity of the company reached 9,381,384 USD (Including Non-Controlling Interests of -25,845 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 4.04%.