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PALAQAR realizes net loss of JD0.10 million in 2013

2014-02-17

According to PALAQAR for Real Estate Development & Management data for year-end preliminary financial statements for year 2013, net loss reached (105,702) JOD, compared with a net profit after taxes of 30,134 JOD in the audited data for 2012. Total assets of the company reached 3,305,673 JOD as of December 31^st, 2013, compared to total assets of 3,625,630 JOD as of December 31^st, 2012, a net decrease of 8.8%. Total liabilities of the company reached 1,235,942 JOD as of December 31^st, 2013, compared to total liabilities of 1,450,197 JOD as of December 31^st, 2012, a net decrease of 14.8%. Net ownership equity of the company reached 2,069,731 JOD as of December 31^st, 2013, compared with a net ownership equity of 2,175,433 JOD as of December 31^st, 2012, a net decrease of 4.9%.