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ABRAJ records net income of $0.22 million in H1 2020

2020-08-31

According to the financial statements of Al-Wataniah Towers Company ABRAJ  for the first half of 2020, Net profit after tax of the period reached 216,526 USD Compared with Net profit after tax 274,166 USD for 2019, a net decrease in profit of 21.02%.Total assets of the company reached 25,389,909 USD compared with total assets of 25,118,970 USD at the end of year 2019, a net increase of 1.08%.Total liabilities of the company reached 2,008,461 USD compared with total liabilities of 1,954,048 USD at the end of year 2019, a net increase of 2.78%. Net ownership equity of the company reached 23,381,448 USD compared with total owner equity of 23,164,922 USD at the end of year 2019, a net increase of 0.93%.