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WASSEL posts net income of $0.07 million in H1 2016

2016-08-23

According to the financial data of the Palestinian Company for Distribution & Logistics Services Company WASSEL for the first half of 2016, Net profit after tax of the period reached 72,582 USD Compared with Net Loss after tax (526,629) USD for 2015.Total assets of the company reached 11,655,136 USD compared with total assets of 28,972,184 USD at the end of year 2015, a net decrease of 59.77%.Total liabilities of the company reached 4,290,345 USD compared with total liabilities of 18,781,656 USD at the end of year 2015, a net decrease of 77.15%. Net ownership equity of the company reached 7,364,791 USD (Including None-Controlling Interests of -63,124 USD) compared with total owner equity of 10,190,528 USD (Including None-Controlling Interests of 2,832,909 USD) at the end of year 2015, a net decrease of 27.73%.