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Palestine Poultry Company AZIZA achieved a pretax income of JD0.07 million in H1 2012

2012-08-15

The Palestine Exchange (PEX) received the reviewed interim condensed financial statements from Palestine Poultry Company ( AZIZA). 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 (www.pex.ps) and emailed to PEX member securities firms.

The disclosed information includes: an Independent Auditors’ Review Report, the Statement of Financial Position, the Income Statement, the Statement of Comprehensive Income, 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 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 profit before taxes reached 75,350 JOD, compared with a net profit before taxes of 1,106,710 JOD from the first six months of 2011, a net decrease of 93.2%. Total assets of the company reached 29,685,444 JOD as of June 30th, 2012, compared to total assets of 31,269,678 JOD as of December 31st, 2011, a net decrease of 5.1%. Total liabilities of the company reached 11,862,766 JOD as of June 30th, 2012, compared to total liabilities of 12,968,619 JOD as of December 31st, 2011, a net decrease of 8.5%. Net ownership equity of the company reached 17,822,678 JOD s of June 30th, 2012, compared with a net ownership equity of 18,301,059 JOD as of December 31st, 2011, a net decrease of 2.6% in the last six months.

 

 

 

 

 


 

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