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Palestine Real Estate Investment Company realizes loss of JD0.22 million in Q1 2013

2013-05-01

According to Palestine Real Estate Investment Company ( PRICO)’s data for the first three months of the year, net loss reached (218,768) JOD, compared with a net profit before tax of 210,904 JOD from the first three months of 2012. Total assets of the company reached 114,366,515 JOD as of March 31^st, 2013, compared to total assets of 113,666,844 JOD as of December 31^st, 2012, a net increase of 0.6%. Total liabilities of the company reached 33,830,383 JOD as of March 31^st, 2013, compared to total liabilities of 33,192,036 JOD as of December 31^st, 2012, a net increase of 1.9%. Net ownership equity of the company reached 80,536,132 JOD (including 1,822,202 JOD in Non-controlling interest) as of March 31^st, 2013, compared with net ownership equity of 80,474,808 JOD (including 1,691,385 JOD in Non-controlling interest) as of December 31^st, 2012, a net increase of 0.1% in the first three months.