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ARE realizes net loss of JD0.14 million in 9M 2014

2014-10-30

According to Arab Real Estate Establishment Company ARE’s data for the first nine months of the year, net loss reached (140,831) JOD, compared with a net loss of (76,011) JOD from the first nine months of 2013, a net increase in loss of 85.3%. Total assets of the company reached 2,560,194 JOD as of September 30^th, 2014, compared to total assets of 2,883,745 JOD as of December 31^st, 2013, a net decrease of 11.2%. Total liabilities of the company reached 1,976,830 JOD as of September 30^th, 2014, compared to total liabilities of 2,173,320 JOD as of December 31^st, 2013, a net decrease of 9.0%. Net ownership equity of the company reached 583,364 JOD as of September 30^th, 2014, compared with a net ownership equity of 710,425 JOD as of December 31^st, 2013, a net decrease of 17.9% in the first nine months.