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JREI realizes net loss of $0.16 million in Q1 2014

2014-05-04

According to Jerusalem Real Estate Investment company data for the first three months of the year, net loss reached (161,508) JOD, compared with a net loss of (647,519) JOD from the first three months of 2013, a net decrease in loss of 75.1%. Total assets of the company reached 14,848,363 USD as of March 31^st, 2014, compared to total assets of 15,647,646 USD as of December 31^st, 2013, a net decrease of 5.1%. Total liabilities of the company reached 6,228,150 USD as of March 31^st, 2014, compared to total liabilities of 6,226,088 USD as of December 31^st, 2013, a net increase of 0.03%. Net ownership equity of the company reached 8,620,213 USD as of March 31^st, 2014, compared with a net ownership equity of 9,421,558 USD as of December 31^st, 2013, a net decrease of 8.5% in the first three months.