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ARAB realizes net loss of JD0.49 million at the end of 2014

2015-02-11

According to the Arab Investors Company ARAB’s data for year-end preliminary financial statements for year 2014, net loss reached (487,322) JOD, compared with a net profit after Tax of 84,539 JOD in the audited data for 2013. Total assets of the company reached 9,020,036 JOD as of December 31^st, 2014, compared to total assets of 9,510,327 JOD as of December 31^st, 2013, a net decrease of 5.2%. Total liabilities of the company reached 313,474 JOD as of December 31^st, 2014, compared to total liabilities of 83,782 JOD as of December 31^st, 2013, a net increase of 274.2%. Net ownership equity of the company reached 8,706,562 JOD as of December 31^st, 2014, compared with a net ownership equity of 9,426,545 JOD as of December 31^st, 2013, a net decrease of 7.6%.