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GCOM realizes net loss of $1.12 million in 2013

2014-02-17

According to Globalcom Telecommunications Company ( GCOM) data for year-end preliminary financial statements for year 2013, net loss reached (1,122,035) USD, compared with a net loss of (1,119,787) USD in the audited data for 2012, a net increase in loss of 0.2%. Total assets of the company reached 5,098,929 USD as of December 31^st, 2013, compared to total assets of 5,626,666 USD as of December 31^st, 2012, a net decrease of 9.4%. Total liabilities of the company reached 1,106,857 USD as of December 31^st, 2013, compared to total liabilities of 512,559 USD as of December 31^st, 2012, a net increase of 115.9%. Net ownership equity of the company reached 3,992,072 USD as of December 31^st, 2013, compared with a net ownership equity of 5,114,107 USD as of December 31^st, 2012, a net decrease of 21.9%.