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Arab Real Estate Establishment (ARE) earns a pretax income of JOD 22,360 in the first half of 2010

2010-08-12

Arab Real Estate Establishment (ARE) disclosed its semi- annual financial statements for the first half of 2010, and the company’s financial results as of 30/06/2010 indicated a pretax income of JOD 22,360 compared to a profit of JOD 74,974 in the first half of 2009. The company’s assets reached JOD 1.29 million at the end 30/06/2010 after they reached JOD 1.09 million on 31/12/2009. Total liabilities reached JOD 0.24 million at the end of the first half of 2010 compared to JOD 0.07 million as of 31/12/2009. Shareholders’ equity reached JOD 1.05 million on 30/06/2010 after they reached JOD 1.02 million at the end of 2009.