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Wataniya Palestine Mobile Telecommunications realizes a loss of $9.03 million in Q1 2011

2011-04-24

Wataniya Palestine Mobile Telecommunications WATANIYA disclosed its financial results for the first quarter of this year, where they indicated a loss of $(9,028,908) compared to a loss of $(15,011,071) in the first quarter of 2010. Total assets reached $364,760,074 on 31/03/2011 compared to $357,481,026 as of 31/12/2010. Total Liabilities amounted at $305,085,904 on 31/03/2011 after they reached $351,806,108 on 31/12/2010. Total shareholders’ equity settled at $153,667,416 at the end of the first quarter of 2011 compared to $162,696,324 at the end of 2010.