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ABRAJ posts net income of $0.06 million in Q1 2016

2016-05-03

According to Al-Wataniya Towers financial statements for 1st Quarter of 2016, Net profit after tax of the period reached 65,600 USD Compared with Net profit after tax 29,576 USD for 2015, a net increase in profit of 121.80%.Total assets of the company reached 13,852,509 USD compared with total assets of 13,713,922 USD at the end of year 2015, a net increase of 1.01%.Total liabilities of the company reached 1,111,654 USD compared with total liabilities of 1,024,463 USD at the end of year 2015, a net increase of 8.51%. Net ownership equity of the company reached 12,740,855 USD compared with total owner equity of 12,689,459 USD at the end of year 2015, a net increase of 0.41%.