 send to a friend by email
2011-10-31
The Palestine Exchange (PEX) received the unaudited
interim condensed financial statements from
Arab Real Estate Establishment (
ARE). 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.
The disclosed information includes: the Statement of Financial Position,
the Income Statement, Changes in Equity Ownership, the Statement of Cash Flows, and Notes to the interim financial statements (
6 notes). The company also provided its interim financial statements via the approved electronic form of disclosure applicable to the
Service 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 26,563
JOD, compared with a net
loss of (212,837)
JOD from the first nine months of
2010. Total assets of the company have reached 2,555,760
JOD as of September 30th,
2011, compared to total assets of 1,862,990
JOD as of December 31st,
2010, a net
increase of
37.2%. Total liabilities of the company have reached 1,514,938
JOD as of September 30th,
2011, compared to total liabilities of 1,106,107
JOD as of December 31st,
2010, a net
increase of
37.0%. Net ownership equity of the company has reached 1,040,822
JOD as of September 30th,
2011, compared with a net ownership equity of 756,883
JOD as of December 31st,
2010, a net
increase of
37.5% in the last nine months.
|
|
-trade
