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PALAQAR for Real Estate Development & Management Company achieves pretax income of JD0.06 million in Q1 2013

2013-04-30

According to PALAQAR for Real Estate Development & Management Company (PALAQAR)’s data for the first three months of the year, net profit before tax reached 60,892 JOD. PALAQAR was listed on the PEX on July, 3^rd, 2012, and income for the prior similar reporting period was not disclosed. Total assets of the company reached 3,466,934 JOD as of March 31st, 2013, compared to total assets of 3,625,630 JOD as of December 31^st, 2012, a net decrease of 4.4%. Total liabilities of the company reached 1,240,532 JOD as of March 31^st, 2013, compared to total liabilities of 1,450,197 JOD as of December 31^st, 2012, a net decrease of 14.5%. Net ownership equity of the company reached 2,226,402 JOD as of March 31^st, 2013, compared with net ownership equity of 2,175,433 JOD as of December 31^st, 2012, a net increase of 2.3% in the first three months.