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AHC realizes net loss of JD1.02 million in 2013

2014-02-17

According to The Arab Hotels Company ( AHC) data for year-end preliminary financial statements for year 2013, net loss reached (1,017,360) JOD, compared with a net loss of (994,006) JOD in the audited data for 2012, a net increase in loss of 2.30%. Total assets of the company reached 31,792,919 JOD as of December 31^st, 2013, compared to total assets of 32,194,064 JOD as of December 31^st, 2012, a net decrease of 1.2%. Total liabilities of the company reached 13,413,908 JOD as of December 31^st, 2013, compared to total liabilities of 12,797,694 JOD as of December 31^st, 2012, a net increase of 4.8%. Net ownership equity of the company reached 18,379,011 JOD as of December 31^st, 2013, compared with a net ownership equity of 19,396,370 JOD as of December 31^st, 2012, a net decrease of 5.2%. Furthermore, paid-in capital decreased from 25,000,000 JOD  on December 31^st, 2012 to 19,677,158 JOD  by December 31^st, 2013, a decrease of 21.3%.