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Jerusalem Real Estate Investment Company realizes loss of $0.65 million in Q1 2013

2013-05-01

According to Jerusalem Real Estate Investment Company ( JREI)’s data for the first three months of the year, net loss reached (647,519) USD, compared with a net profit before tax of 35,659 USD from the first three months of 2012. Total assets of the company reached 16,288,486 USD as of March 31st, 2013, compared to total assets of 16,479,245 USD as of December 31st, 2012, a net decrease of 1.2%. Total liabilities of the company reached 6,285,293 USD as of March 31st, 2013, compared to total liabilities of 5,982,981 USD as of December 31st, 2012, a net increase of 5.1%. Net ownership equity of the company reached 10,003,193 USD as of March 31st, 2013, compared with a net ownership equity of 10,496,264 USD as of December 31st, 2012, a net decrease of 4.7% in the first three months.

 


 

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