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PSE realizes net loss of $0.22 million in 2013

2014-02-12

According to Palestine Securities Exchange data for year-end preliminary financial statements for year 2013, net loss reached (219,630) USD, compared with a net loss of (701,201) USD in the audited data for 2012, a net decrease in loss of 68.7%. Total assets of the company reached 11,366,673 USD as of December 31^st, 2013, compared to total assets of 11,723,148 USD as of December 31^st, 2012, a net decrease of 3.0%. Total liabilities of the company reached 1,303,913 USD as of December 31^st, 2013, compared to total liabilities of 1,487,110 USD as of December 31^st, 2012, a net decrease of 12.3%. Net ownership equity of the company reached 10,062,760 USD as of December 31^st, 2013, compared with a net ownership equity of 10,236,038 USD as of December 31^st, 2012, a net decrease of 1.7%.