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JREI realizes net loss of $0.97 million at the end of 2014

2015-02-15

According to Jerusalem Real Estate Investment Company JREI’s data for year-end preliminary financial statements for year 2014, net loss reached (966,894) USD, compared with a net loss of (1,785,339) USD in the audited data for 2013, a net decrease in loss of 45.8%. Total assets of the company reached 13,587,704 USD as of December 31st , 2014, compared to total assets of 16,198,853 USD as of December 31st, 2013, a net decrease of 16.1%. Total liabilities of the company reached 5,420,333 USD as of December 31st , 2014, compared to total liabilities of 6,777,295 USD as of December 31st, 2013, a net decrease of 20.0%. Net ownership equity of the company reached 8,167,371 USD as of December 31st , 2014, compared with a net ownership equity of 9,421,558 USD as of December 31st , 2013, a net decrease of 13.3%.