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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 31^st, 2014, compared to total assets of 2,855,249 JOD as of December 31^st, 2013, a net decrease of 7.1%. Total liabilities of the company reached 2,014,390 JOD as of March 31^st, 2014, compared to total liabilities of 2,144,824 JOD as of December 31^st, 2013, a net decrease of 6.1%. Net ownership equity of the company reached 638,144 JOD as of March 31^st, 2014, compared with a net ownership equity of 710,425 JOD as of December 31^st, 2013, a net decrease of 10.2% in the first three months.