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Nablus Surgical Center (NSC) earns a net profit before tax of JD 0.23 million in the year of 2011

2012-02-14

The Palestine Exchange (PEX) received unaudited year-end preliminary financial statements from Nablus Surgical Center Company ( NSC). The PEX disclosure rules in place give all of PEX listed companies a period of 45 days to report their preliminary annual financial statements reviewed by the company’s internal auditor. This disclosure was published on the PEX website (www.pex.ps) and emailed to PEX member securities firms in addition to this press release.

The disclosed information includes:          

1) A copy of the year-end preliminary financial statements signed by the General Manager and CFO of the company. The disclosed information includes: The Balance Sheet, the Income Statement, Changes in Equity Ownership, the Statement of Cash Flows, and notes to the interim financial statements ( 18 notes).

2) “The summary of year-end preliminary financial statements” form was not attached with the disclosure. NSC will complete its disclosure by tomorrow.

3) The company also provided its interim financial statements via the approved electronic form of disclosure applicable to the Service Sector.

4) A copy of this disclosure was sent to the Palestinian Capital Market Authority (PCMA) simultaneously.

According to company data for year-end preliminary financial statements for year 2011, net profit before taxes reached 225,862 JOD, compared with a net profit before taxes of 425,598 JOD in the audited data for 2010, a net decrease of 46.9%. Total assets of the company reached 6,614,800 JOD as of December 31st, 2011, compared to total assets of 5,889,486 JOD as of December 31^st, 2010, a net increase of 12.3%. Total liabilities of the company reached 2,586,391 JOD as of December 31st, 2011, compared to total liabilities of 2,062,389 JOD as of December 31^st, 2010, a net increase of 25.4%. Net ownership equity of the company reached 4,028,409 JOD as of December 31st, 2011, compared with a net ownership equity of 3,827,097 JOD as of December 31^st, 2010, a net increase of 5.3%.