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RSR records net income of JD0.02 million at the end of 2014

2015-02-17

According to the Ramallah Summer Resorts Company RSR’s consolidated data for year-end preliminary financial statements for year 2014, net profit after tax reached 24,672 JOD, compared with a net profit after tax of 65,093 JOD in the audited data for 2013, a net decrease of 62.1%. Total assets of the company reached 14,441,584 JOD as of December 31^st, 2014, compared to total assets of 14,148,807 JOD as of December 31^st, 2013, a net increase of 2.1%. Total liabilities of the company reached 3,764,030 JOD as of December 31^st, 2014, compared to total liabilities of 3,512,540 JOD as of December 31^st, 2013, a net increase of 7.2%. Net ownership equity of the company reached 10,677,554 JOD as of December 31^st, 2014, compared with a net ownership equity of 10,636,267 JOD as of December 31^st, 2013, a net increase of 0.4%. Furthermore, paid-in capital increased from 3,611,047 JOD on December 31^st, 2013 to 3,616,467 JOD by December 31^st, 2014, a net increase of 0.2%. RSR failed to disclose its year-end preliminary financials within the statutory period ended on February 15^th, 2015. PEX received RSR disclosure on February 17^th, 2015.