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JREI realizes net loss of $1.37 million in 9M 2013

2013-10-31

According to Jerusalem Real Estate Investment Company ( JREI)’s data for the first nine months of the year, net loss reached (1,368,360) USD, compared with a net loss of (499,971) USD from the first nine months of 2012, a net increase in loss of 173.7%. Total assets of the company reached 15,975,053 USD as of September 30^th, 2013, compared to total assets of 16,479,245 USD as of December 31^st, 2012, a net decrease of 3.1%. Total liabilities of the company reached 6,400,121 USD as of September 30^th, 2013, compared to total liabilities of 5,982,981 USD as of December 31^st, 2012, a net increase of 7.0%. Net ownership equity of the company reached 9,574,932 USD as of September 30^th, 2013, compared with a net ownership equity of 10,496,264 USD as of December 31^st, 2012, a net decrease of 8.8% in the first nine months.