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Jerusalem Cigarette Company earns a pretax income of JD0.67 million in H1 2012

2012-08-16

The Palestine Exchange (PEX) received the reviewed interim condensed financial statements from Jerusalem Cigarette Company ( JCC). 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 ( 3 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 666,336 JOD, compared with a net profit before taxes of 1,094,623 JOD from the first six months of 2011, a net decrease of 39.1%. Total assets of the company reached 39,828,487 JOD as of June 30th, 2012, compared to total assets of 41,682,850 JOD as of December 31st, 2011, a net decrease of 4.4%. Total liabilities of the company reached 21,945,786 JOD as of June 30th, 2012, compared to total liabilities of 24,574,030 JOD as of December 31st, 2011, a net decrease of 10.7%. Net ownership equity of the company reached 17,882,701 JOD as of June 30th, 2012, compared with a net ownership equity of 17,108,820 JOD as of December 31st, 2011, a net increase of 4.5% in the last six months.

 

 

 

 


 

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