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2011-10-13
The Palestine Exchange (PEX) received the unaudited interim condensed financial statements from Al-Aqariya Trading Investment (AQARIYA). The PEX disclosure rules in place give all of the PEX listed companies a period of one month to report their third quarter interim financial statements as reviewed by the company’s internal auditor. Their disclosure has been published on the PEX website (www.pex.ps) and emailed to PEX member securities firms in conjunction with this press release.
AQARIYA is the third listed company, and the first company within the Investment Sector to disclose its interim financial statements for the first nine months of 2011.
The disclosed information includes: the Statement of Financial Position, the Income Statement, the Statement of Comprehensive Income, Changes in Equity Ownership and the Statement of Cash Flows. Notes to the interim financial statements were not provided. The company also provided its interim financial statements via the approved electronic form of disclosure applicable to the Investment Sector. The interim report should also include information required by Article (37/2) of the PEX disclosure rules in place. The company included information regarding management, issued shares, material changes and significant events that may have affected financial performances during the first nine months of the year.
According to company data for the first nine months of the year, net profit before taxes reached 77,870 JOD. AQARIYA was listed on the PEX during the first half of this year, and income for the prior similar reporting period was not disclosed. Total assets of the company have reached 6,046,745 JOD as of September 30th, 2011, compared to total assets of 6,802,258 JOD as of December 31st, 2010, a net decrease of 11.1%. Total liabilities of the company have reached 624,658 JOD as of September 30th, 2011, compared to total liabilities of 1,280,653 JOD as of December 31st, 2010, a net decrease of 51.2%. Net ownership equity of the company has reached 5,422,087 JOD as of September 30th, 2011, compared with a net ownership equity of 5,521,605 JOD as of December 31st, 2010, a net decrease of 1.8% in the last nine months.
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