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AHC realizes net loss of JD0.75 million in 9M 2013

2013-11-03

According to The Arab Hotels Company (AHC)’s data for the first nine months of the year, net loss reached (754,311) JOD, compared with a net loss of (664,590) JOD from the first nine months of 2012, a net increase in loss of 13.5%. Total assets of the company reached 31,763,647 JOD as of September 30th, 2013, compared to total assets of 32,194,064 JOD as of December 31st, 2012, a net decrease of 1.3%. Total liabilities of the company reached 13,121,588 JOD as of September 30th, 2013, compared to total liabilities of 12,797,694 JOD as of December 31st, 2012, a net increase of 2.5%. Net ownership equity of the company reached 18,642,059 JOD as of September 30th, 2013, compared with a net ownership equity of 19,396,370 JOD as of December 31st, 2012, a net decrease of 3.9% in the first nine months. Furthermore, paid-in capital decreased from 25,000,000 JOD on December 31st, 2012 to 19,677,158 JOD by September 30th, 2013, a net decrease of 21.3%.