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ELECTRODE posts net income of JD0.03 million in Q1 2014

2014-04-27

According to Al-shark Electrode Company ELECTRODE data for the first three months of the year, net profit before taxes reached 34,108 JOD, compared with a net profit before taxes of 56,498 JOD from the first three months of 2013, a net decrease of 39.6%. Total assets of the company reached 3,549,398 JOD as of March 31^st, 2014, compared to total assets of 3,490,639 JOD as of December 31^st, 2013, a net increase of 1.7%. Total liabilities of the company reached 317,196 JOD as of March 31^st, 2014, compared to total liabilities of 282,406 JOD as of December 31^st, 2013, a net increase of 12.3%. Net ownership equity of the company reached 3,232,202 JOD as of March 31^st, 2014, compared with a net ownership equity of 3,208,233 JOD as of December 31^st, 2013, a net increase of 0.7% in the first three months.