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ELECTRODE reports net income of JD0.05 million in H1 2014

2014-08-07

According to Al-Shark Electrode Company ELECTRODE data for the first six months of the year, net profit after taxes reached 54,101 JOD compared with a net profit after taxes of 59,139 JOD from the first six months of 2013, a net decrease of 8.5%. Total assets of the company reached 3,681,725 JOD as of June 30^th, 2014, compared to total assets of 3,490,639 JOD as of December 31^st, 2013, a net increase of 5.5%. Total liabilities of the company reached 482,183 JOD as of June 30^th, 2014, compared to total liabilities of 282,406 JOD as of December 31^st, 2013, a net increase of 70.7%. Net ownership equity of the company reached 3,199,542 JOD as of June 30^th, 2014, compared with net ownership equity of 3,208,233 JOD as of December 31^st, 2013, a net decrease of 0.3% in the last six months.