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ELECTRODE records net income of JD0.12 million in 2013

2014-02-13

According to Al-Shark Electrode Company ELECTRODE data for year-end preliminary financial statements for year 2013, net profit after taxes reached 120,215 JOD, compared with a net profit after taxes of 99,454 JOD in the audited data for 2012, a net increase of 20.9%. Total assets of the company reached 3,513,308 JOD as of December 31^st, 2013, compared to total assets of 3,481,896 JOD as of December 31^st, 2012, a net increase of 0.9%. Total liabilities of the company reached 281,095 JOD as of December 31^st, 2013, compared to total liabilities of 267,685 JOD as of December 31^st, 2012, a net increase of 5.0%. Net ownership equity of the company reached 3,232,213 JOD as of December 31^st, 2013, compared with a net ownership equity of 3,214,211 JOD as of December 31^st, 2012, a net increase of 0.6%.