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Union Construction and Investment Company realizes loss of $0.12 million in Q1 2013

2013-05-01

According to Union Construction and Investment Company ( UCI)’s data for the first three months of the year, net loss reached (118,329) USD, compared with a net profit before tax of 501,981 USD from the first three months of 2012. Total assets of the company reached 41,040,815 USD as of March 31^st, 2013, compared to total assets of 41,338,392 USD as of December 31^st, 2012, a net decrease of 0.7%. Total liabilities of the company reached 1,407,805 USD as of March 31^st, 2013, compared to total liabilities of 1,587,053 USD as of December 31^st, 2012, a net decrease of 11.3%. Net ownership equity of the company reached 39,633,010 USD (including 147,154 USD in Non-controlling interest) as of March 31^st, 2013, compared with net ownership equity of 39,751,339 USD (including 153,033 USD in Non-controlling interest) as of December 31^st, 2012, a net decrease of 0.3% in the first three months.