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GMC reports net income of JD0.08 million in 9M 2014

2014-11-02

According to Golden Wheat Mills Company GMC’s consolidated data for the first nine months of the year, net profit after taxes reached 85,822 JOD, compared with a net profit after taxes of 627,717 JOD from the first nine months of 2013, a net decrease of 86.3%. Total assets of the company reached 20,058,706 JOD as of September 30^th, 2014, compared to total assets of 18,652,417 JOD as of December 31^st, 2013, a net increase of 7.5%. Total liabilities of the company reached 3,990,467 JOD as of September 30^th, 2014, compared to total liabilities of 2,635,463 JOD as of December 31^st, 2013, a net increase of 51.4%. Net ownership equity of the company reached 16,068,239 JOD (including (24,500) JOD in Non-controlling interest) as of September 30^th, 2014, compared with a net ownership equity of 16,016,954 JOD (including (24,500) JOD in Non-controlling interest) as of December 31^st, 2013, a net increase of 0.3% in the first nine months.