Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

Palestine Plastic Industries LADAEN realizes a loss of JD0.20 million in H1 2012


The Palestine Exchange (PEX) received the reviewed interim condensed financial statements from Palestine Plastic Industries Company ( LADAEN). PEX disclosure rules give all PEX listed companies 45 days to report their first half interim financial statements as reviewed by their independent external auditor. In addition to this press release, this disclosure was published on the PEX website ( and emailed to PEX member securities firms.

The disclosed information includes: an Independent Auditors’ Review Report, the Statement of Financial Position, the Statement of Comprehensive Income, Changes in Equity Ownership, the Statement of Cash Flows and Notes to the interim financial statements ( 5 notes). The company also provided its interim financial statements via the approved electronic form of disclosure applicable to the Industry Sector. The interim report also should include information required by Article (38/2) 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 half of the year.


According to company data for the first six months of the year, net loss reached (197,977) JOD, compared with a net loss of (53,111) JOD from the first six months of 2011, a net increase in loss of 272.8%. Total assets of the company reached 4,125,385 JOD as of June 30th, 2012, compared to total assets of 4,150,526 JOD as of December 31st, 2011, a net decrease of 0.6%. Total liabilities of the company reached 930,271 JOD as of June 30th, 2012, compared to total liabilities of 757,435 JOD as of December 31st, 2011, a net increase of 22.8%. Net ownership equity of the company reached 3,195,114 JOD as of June 30th, 2012, compared with a net ownership equity of 3,393,091 JOD as of December 31st, 2011, a net decrease of 5.8% in the last six months.









The PEX records average PE of 19.3x and average P/BV of 1.11x



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013