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

2015-02-15

According to Palestine Plastic Industries Company LADAEN data for year-end preliminary financial statements for year 2014, net loss reached (494,870) JOD, compared with a net loss of (569,124) JOD in the audited data for 2013, a net decrease in loss of 13.0%. Total assets of the company reached 2,699,993 JOD as of December 31^st, 2014, compared to total assets of 3,136,236 JOD as of December 31^st, 2013, a net decrease of 13.9%. Total liabilities of the company reached 951,719 JOD as of December 31^st, 2014, compared to total liabilities of 893,092 JOD as of December 31^st, 2013, a net increase of 6.6%. Net ownership equity of the company reached 1,748,274 JOD as of December 31^st, 2014, compared with a net ownership equity of 2,243,144 JOD as of December 31^st, 2013, a net decrease of 22.1%.