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2012-04-17
The Palestine Exchange (PEX) received the unaudited
interim condensed financial statements from
The Vegetable Oil Industries Company (
VOIC). PEX disclosure rules give all PEX listed companies one month to report their first quarter interim financial statements as reviewed by the company’s internal auditor. In addition to this press release, this disclosure was published on the PEX website (www.pex.ps) and emailed to PEX member securities firms.
VOIC is the
fourth listed company to disclose its interim financial statements for the first three months of
2012.
The disclosed information includes: the Statement of Financial Position,
the Income Statement, Changes in Equity Ownership and the Statement of Cash Flows. The company also provided its interim financial statements via the approved electronic form of disclosure applicable to the
Industry Sector. The interim report should also include information required by Article (37/2) of the PEX disclosure rules in place. The company
did not include information regarding management, issued shares, material changes or significant events that may have affected financial performances during the first three months of the year.
According to company data for the first three months of the year, net profit before taxes reached 266,641
JOD, compared with a net profit before taxes of 315,448
JOD from the first three months of
2011, a net
decrease of
15.5%. Total assets of the company reached 12,865,924
JOD as of March 31st,
2012, compared to total assets of 12,594,307
JOD as of December 31st,
2011, a net
increase of
2.2%. Total liabilities of the company reached 854,021
JOD as of March 31st,
2012, compared to total liabilities of 849,045
JOD as of December 31st,
2011, a net
increase of 0.6%. Net ownership equity of the company reached 12,011,903
JOD as of March 31st,
2012, compared with a net ownership equity of 11,745,262
JOD as of December 31st,
2011, a net
increase of
2.3% in the first three months.
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