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ARE realizes net loss of JD0.06 million in 2013

2014-02-24

According to Arab Real Estate Establishment Company ARE data for year-end preliminary financial statements for year 2013, net loss reached (56,598) JOD, compared with a net profit after taxes of 15,126 JOD in the audited data for 2012. Total assets of the company reached 2,919,802 JOD as of December 31st, 2013, compared to total assets of 2,736,592 JOD as of December 31st, 2012, a net increase of 6.7%. Total liabilities of the company reached 1,944,220 JOD as of December 31st, 2013, compared to total liabilities of 1,742,339 JOD as of December 31st, 2012, a net increase of 11.6%. Net ownership equity of the company reached 975,582 JOD as of December 31st, 2013, compared with net ownership equity of 994,253 JOD as of December 31st, 2012, a net decrease of 1.9%.

 


 

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