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ARE realizes net loss of JD0.06 million in Q1 2014

2014-05-04

According to Arab Real Estate Establishment company data for the first three months of the year, net loss reached (65,523) JOD, compared with a net profit before taxes of 4,055 JOD from the first three months of 2013. Total assets of the company reached 2,652,534 JOD as of March 31st, 2014, compared to total assets of 2,855,249 JOD as of December 31st, 2013, a net decrease of 7.1%. Total liabilities of the company reached 2,014,390 JOD as of March 31st, 2014, compared to total liabilities of 2,144,824 JOD as of December 31st, 2013, a net decrease of 6.1%. Net ownership equity of the company reached 638,144 JOD as of March 31st, 2014, compared with a net ownership equity of 710,425 JOD as of December 31st, 2013, a net decrease of 10.2% in the first three months.

 


 

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