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WATANIYA realizes net loss of $21.32 million in 2013

2014-02-09

According to Wataniya Palestine Mobile Telecommunications data for year-end preliminary financial statements for year 2013, net loss reached (21,324,882) USD, compared with a net loss of (23,826,190) USD in 2012, a net decrease in loss of 10.5%. Total assets of the company reached 279,762,032 USD as of December 31^st, 2013, compared to total assets of 293,648,218 USD as of December 31^st, 2012, a net decrease of 4.7%. Total liabilities of the company reached 188,396,033 USD as of December 31^st, 2013, compared to total liabilities of 180,957,337 USD as of December 31^st, 2012, a net increase of 4.1%. Net ownership equity of the company reached 91,365,999 USD as of December 31^st, 2013, compared with a net ownership equity of 112,690,881 USD as of December 31^st, 2012, a net decrease of 18.9%.