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Palestine’s ABRAJ net profit drops 43.3% in 9M

Palestine’s ABRAJ net profit drops 43.3% in 9M
Al Wataniah Towers
ABRAJ
0.00% 2.08 0.00
Al-Wataniah Towers Company (ABRAJ) posted its unaudited interim condensed financials to the Palestine Exchange (PEX).

According to ABRAJ data for the first nine months of 2014, net profit after taxes recorded $135.68 THD, against a net profit after taxes of $239.33 THD from the first nine months of 2013, plunging by 43.3%.

ABRAJ’s net ownership equity amounted to $12.48 million as at September 30, 2014, against $12.34 million by December 31, 2013, recording a rise by 1.1% in the first nine months.

Total assets of the company stood at $13.20 million as at September 30, 2014, compared to $13.19 million by December 31, 2013, surging by 0.01%. Total liabilities of the company reached $716.09 THD as at September 30, 2014, compared to $850.03 THD by December 31, 2013, a net decrease of 15.8%.