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Jerusalem Pharmaceuticals earns a loss of JD0.18 million in the first nine months of 2012

2012-11-04

The Palestine Exchange (PEX) received the unaudited interim consolidated condensed financial statements from Jerusalem Pharmaceuticals Company ( JPH). 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 Industry 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 (181,572) JOD, compared with a net profit before taxes of 1,934,179 JOD from the first nine months of 2011. Total assets of the company reached 32,458,256 JOD as of September 30th, 2012, compared to total assets of 34,106,389 JOD as of December 31st, 2011, a net decrease of 4.8%. Total liabilities of the company reached 9,407,497 JOD as of September 30th, 2012, compared to total liabilities of 9,704,370 JOD as of December 31st, 2011, a net decrease of 3.1%. Net ownership equity of the company reached 23,050,759 JOD (including 774,891 JOD in Minority Rights) as of September 30th, 2012, compared with a net ownership equity of 24,402,019 JOD (including 903,277 JOD in Minority Rights) as of December 31st, 2011, a net decrease of 5.5% in the first nine months. Furthermore, paid-in capital increased from 5,000,000 JOD on December 31st, 2011 to 6,000,000 JOD  by September 30th, 2012, an increase of 20.0%.


 

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