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Al-Aqariya Trading Investment Company realizes a net loss of JD0.13 million in the first nine months of 2012

2012-10-23

The Palestine Exchange (PEX) received the unaudited interim condensed financial statements from Al-Aqariya Trading Investment Company ( AQARIYA). PEX disclosure rules give all PEX listed companies one month to report their third 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.

The disclosed information includes: the Statement of Financial Position, the Income Statement, the Statement of Comprehensive Income, 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 Investment Sector. The interim report should also include information required by Article (37/2) 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 nine months of the year.

According to company data for the first nine months of the year, net loss reached (130,596) JOD, compared with a net profit before taxes of 77,870 JOD from the first nine months of 2011.Total assets of the company reached 5,266,090 JOD as of September 30^th, 2012, compared to total assets of 5,964,187 JOD as of December 31^st, 2011, a net decrease of 11.7%. Total liabilities of the company reached 860,747 JOD as of September 30^th, 2012, compared to total liabilities of 547,465 JOD as of December 31^st, 2011, a net increase of 57.2%. Net ownership equity of the company reached 4,405,343 JOD as of September 30^th, 2012, compared with a net ownership equity of 5,416,722 JOD as of December 31^st, 2011, a net decrease of 18.7% in the first nine months. Furthermore, paid-in capital decreased from 5,511,947 JOD  on December 31^st, 2011 to 4,409,558 JOD  by September 30^th, 2012, a decrease of 20.0%.