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RSR posts net income of JD0.03 million in 9M 2014

2014-12-02

According to The Ramallah Summer Resorts Company RSR’s data for the first nine months of the year, net profit after taxes reached 35,754 JOD, compared with a net profit after taxes of 43,300 JOD from the first nine months of 2013, a net decrease of 17.4%. Total assets of the company reached 14,239,252 JOD as of September 30^th, 2014, compared to total assets of 14,148,807 JOD as of December 31^st, 2013, a net increase of 0.6%. Total liabilities of the company reached 3,550,966 JOD as of September 30^th, 2014, compared to total liabilities of 3,512,540 JOD as of December 31^st, 2013, a net increase of 1.1%. Net ownership equity of the company reached 10,688,286 JOD as of September 30^th, 2014, compared with a net ownership equity of 10,636,267 JOD as of December 31^st, 2013, a net increase of 0.5%. Furthermore, paid-in capital increased from 3,611,047 JOD on December 31^st, 2013 to 3,616,467 JOD by September 30^th, 2014, a net increase of 0.2%.RSR failed to disclose its third quarter financials within the statutory period ended on November 2^nd, 2014. PEX received RSR disclosure on November 30, 2014.