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PRICO realizes net loss of JD1.98 million at the end of 2014

2015-02-16

According to Palestine Real Estate Investment Company PRICO’s consolidated data for year-end preliminary financial statements for year 2014, net loss reached (1,985,797) JOD, compared with a net loss of (2,779,144) JOD in the audited data for 2013, a net decrease in loss of 28.5%.  Total assets of the company reached 121,787,107 JOD as of December 31^st, 2014, compared to total assets of 118,468,283 JOD as of December 31^st, 2013, a net increase of 2.8%. Total liabilities of the company reached 45,130,543 JOD as of December 31^st, 2014, compared to total liabilities of 39,529,546 JOD as of December 31^st, 2013, a net increase of 14.2%. Net ownership equity of the company reached 76,656,564 JOD (including 2,148,080 JOD in Non-controlling interest) as of December 31^st, 2014, compared with a net ownership equity of 78,938,737 JOD (including 2,228,083 JOD in Non-controlling interest) as of December 31^st, 2013, a net decrease of 2.9%.