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ELECTRODE records net income of JD0.07 million in 9M 2014

2014-10-30

According to Al-Shark Electrode Company ELECTRODE’s data for the first nine months of the year, net profit after taxes reached 69,005 JOD, compared with a net profit after taxes of 120,655 JOD from the first nine months of 2013, a net decrease of 42.8%. Total assets of the company reached 3,369,091 JOD as of September 30^th, 2014, compared to total assets of 3,490,639 JOD as of December 31^st, 2013, a net decrease of 3.5%. Total liabilities of the company reached 281,880 JOD as of September 30^th, 2014, compared to total liabilities of 282,406 JOD as of December 31^st, 2013, a net decrease of 0.2%. Net ownership equity of the company reached 3,087,211 JOD as of September 30^th, 2014, compared with a net ownership equity of 3,208,233 JOD as of December 31^st, 2013, a net decrease of 3.8% in the first nine months.