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ABRAJ posts net income of $0.11 million in H1 2014

2014-08-17

According to Al-Wataniah Towers Company ABRAJ’s data for the first six months of the year, net profit after taxes reached 107,850 USD, compared with a net profit after taxes of 181,355 USD from the first six months of 2013, a net decrease of 40.5%. Total assets of the company reached 13,210,512 USD as of June 30^th, 2014, compared to total assets of 13,198,877 USD as of December 31^st, 2013, a net increase of 0.1%. Total liabilities of the company reached 753,817 USD as of June 30^th, 2014, compared to total liabilities of 850,032 USD as of December 31^st, 2013, a net decrease of 11.3%. Net ownership equity of the company reached 12,456,695 USD as of June 30^th, 2014, compared with a net ownership equity of 12,348,845 USD as of December 31^st, 2013, a net increase of 0.9% in the last six months.