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JREI realizes net loss of $1.65 million in 2013

2014-02-17

According to Jerusalem Real Estate Investment Company ( JREI) data for year-end preliminary financial statements for year 2013, net loss reached (1,649,339) USD, compared with a net loss of (284,772) USD in the audited data for 2012, a net increase in loss of 479.2%. Total assets of the company reached 15,784,073 USD as of December 31^st, 2013, compared to total assets of 16,479,245 USD as of December 31^st, 2012, a net decrease of 4.2%. Total liabilities of the company reached 6,226,516 USD as of December 31^st, 2013, compared to total liabilities of 5,982,981 USD as of December 31^st, 2012, a net increase of 4.1%. Net ownership equity of the company reached 9,557,557 USD as of December 31^st, 2013, compared with a net ownership equity of 10,496,264 USD as of December 31^st, 2012, a net decrease of 8.9%.