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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 30th, 2013, compared to total assets of 2,736,592 JOD as of December 31st, 2012, a net increase of 7.2%. Total liabilities of the company reached 1,986,349 JOD as of September 30th, 2013, compared to total liabilities of 1,742,340 JOD as of December 31st, 2012, a net increase of 14.0%. Net ownership equity of the company reached 948,031 JOD as of September 30th, 2013, compared with a net ownership equity of 994,253 JOD as of December 31st, 2012, a net decrease of 4.6% in the first nine months.

 


 

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