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Arab Real Estate Establishment achieves pretax income of JD0.004 million in Q1 2013

2013-05-01

According to Arab Real Estate Establishment Company ( ARE)’s data for the first three months of the year, net profit before tax reached 4,055 JOD, compared with a net loss of (31,348) JOD from the first three months of 2012. Total assets of the company reached 2,378,856 JOD as of March 31st, 2013, compared to total assets of 2,736,593 JOD as of December 31st, 2012, a net decrease of 13.1%. Total liabilities of the company reached 1,375,979 JOD as of March 31st, 2013, compared to total liabilities of 1,742,340 JOD as of December 31st, 2012, a net decrease of 21.0%. Net ownership equity of the company reached 1,002,877 JOD as of March 31st, 2013, compared with a net ownership equity of 994,253 JOD as of December 31st, 2012, a net increase of 0.9% in the first three months.

 


 

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