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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 31^st, 2013, compared to total assets of 2,736,592 JOD as of December 31^st, 2012, a net increase of 6.7%. Total liabilities of the company reached 1,944,220 JOD as of December 31^st, 2013, compared to total liabilities of 1,742,339 JOD as of December 31^st, 2012, a net increase of 11.6%. Net ownership equity of the company reached 975,582 JOD as of December 31^st, 2013, compared with net ownership equity of 994,253 JOD as of December 31^st, 2012, a net decrease of 1.9%.