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The Arab Hotels Company realizes loss of JD0.51 million in Q1 2013

2013-05-01

According to The Arab Hotels Company ( AHC)’s data for the first three months of the year, net loss reached (509,345) JOD, compared with a net loss of (430,054) JOD from the first three months of 2012, a net increase in loss of 18.4%. Total assets of the company reached 31,697,131 JOD as of March 31^st, 2013, compared to total assets of 32,194,064 JOD as of December 31^st, 2012, a net decrease of 1.5%. Total liabilities of the company reached 12,810,106 JOD as of March 31^st, 2013, compared to total liabilities of 12,797,694 JOD as of December 31^st, 2012, a net increase of 0.1%. Net ownership equity of the company reached 18,887,025 JOD as of March 31^st, 2013, compared with net ownership equity of 19,396,370 JOD as of December 31^st, 2012, a net decrease of 2.6% in the first three months. Furthermore, paid-in capital decreased from 25,000,000 JOD on December 31^st, 2012 to 19,677,158 JOD  March 31^st, 2013, a decrease of 21.3%.