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The Vegetable Oil Industries earns a pretax income of JD 0.27 million in the first quarter of 2012

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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