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GMC records net income of JD0.21 million in 2013

2014-02-17

According to Golden Wheat Mills Company ( GMC) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 214,946 JOD, compared with a net profit after taxes of 455,567 JOD in the audited data for 2012, a net decrease of 52.8%. Total assets of the company reached 18,652,417 JOD as of December 31^st, 2013, compared to total assets of 19,657,244 JOD as of December 31^st, 2012, a net decrease of 5.1%. Total liabilities of the company reached 2,635,463 JOD as of December 31^st, 2013, compared to total liabilities of 3,162,799 JOD as of December 31^st, 2012, a net decrease of 16.7%. Net ownership equity of the company reached 16,016,954 JOD (including (-24,500) JOD in Non-controlling interest) as of December 31^st, 2013, compared with a net ownership equity of 16,494,445 JOD (including (-24,500) JOD in Non-controlling interest) as of December 31^st, 2012, a net decrease of 2.9%.