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JCC realizes net loss of JD2.53 million at the end of 2014

2015-02-16

According to Jerusalem Cigarette Company JCC’s consolidated data for year-end preliminary financial statements for year 2014, net loss reached (2,529,991) JOD, compared with a net profit after tax of 610,867 JOD in the audited data for 2013. Total assets of the company reached 37,871,578 JOD as of December 31^st, 2014, compared to total assets of 45,223,672 JOD as of December 31^st, 2013, a net decrease of 16.3%. Total liabilities of the company reached 21,174,197 JOD as of December 31st, 2014, compared to total liabilities of 25,227,631 JOD as of December 31^st, 2013, a net decrease of 16.1%. Net ownership equity of the company reached 16,697,381 JOD (including 1,866,671 JOD in Non-controlling interest) as of December 31^st, 2014, compared with a net ownership equity of 19,996,041  JOD (including 2,056,336 JOD in Non-controlling interest) as of December 31^st, 2013, a net decrease of 16.5%.