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Arab Hotels realizes a loss of JD0.64 million in H1 2012

2013-08-18

According to company data for the first six months of the year, net loss reached (639,114) JOD, compared with a net loss of (366,631) JOD from the first six months of 2012, a net increase of 74.3%. Total assets of the company reached 31,759,547 JOD as of June 30^th, 2013, compared to total assets of 32,194,064 JOD as of December 31^st, 2012, a net decrease of 1.3%. Total liabilities of the company reached 13,002,201 JOD as of June 30^th, 2013, compared to total liabilities of 12,797,694 JOD as of December 31^st, 2012, a net increase of 1.6%. Net ownership equity of the company reached 18,757,256 JOD as of June 30^th, 2013, compared with a net ownership equity of 19,396,370 JOD as of December 31^st, 2012, a net decrease of 3.3% in the last six months. Furthermore, paid-in capital decreased from 25,000,000 JOD on December 31^st, 2012 to 19,677,158 JOD by June 30^th, 2013, an decrease of 21.3%.