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Al-Watanieh Towers Company earns a pretax income of $46 thousands in the first quarter of 2010

2010-04-20

Al-Watanieh Towers Company (ABRAJ) disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of $ 46,380 comparing to $ 50,338 in the first quarter of 2009. The company’s assets reached $ 11,560,787 at the end 31/03/2010 after they reached $ 11,423,474 on 31/12/2009. Total liabilities reached $ 448,664 at the end of the first quarter of 2010 comparing to $ 353,152 as of 31/12/2009. Shareholders’ equity reached $ 11,112,123 on 31/03/2010 after they reached $11,070,322 at the end of 2009.