Wataniya Palestine Mobile Telecommunications Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2018; Provides Impairment Loss of Property and Equipment for the First Quarter Ended March 31, 2018
Wataniya Palestine Mobile Telecommunications announced unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenue was USD 23,690,991 compared with USD 20,201,944 a year ago. Net loss before and after tax was USD 3,836,903 compared with USD 1,127,472 a year ago. Basic and diluted loss per share was USD 0.015. Net comprehensive loss was USD 3,836,903 compared with USD 1,127,472 a year ago. Net cash flow from operating activities was USD 12,944,641 compared with USD 1,537,494 a year ago. Purchase of property, plant and equipment was USD 33,189,309 compared with USD 890,827 a year ago. Purchase of intangible assets was USD 770,967 against USD 261,522 a year ago.
For the quarter, the company's impairment loss of property and equipment was USD 79,276 compared with USD 6,777 a year ago.