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ARE realizes net loss of JD0.08 million in 9M 2013

2013-10-29

According to The Arab Real Estate Establishment Company ( ARE)’s data for the first nine months of the year, net loss reached (76,011) JOD, compared with a net profit after taxes of 8,267 JOD from the first nine months of 2012. Total assets of the company reached 2,934,380 JOD as of September 30^th, 2013, compared to total assets of 2,736,592 JOD as of December 31^st, 2012, a net increase of 7.2%. Total liabilities of the company reached 1,986,349 JOD as of September 30^th, 2013, compared to total liabilities of 1,742,340 JOD as of December 31^st, 2012, a net increase of 14.0%. Net ownership equity of the company reached 948,031 JOD as of September 30^th, 2013, compared with a net ownership equity of 994,253 JOD as of December 31^st, 2012, a net decrease of 4.6% in the first nine months.