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PHARMACARE records net income of $1.75 million at the end of 2014

2015-02-22

According to Dar Al-Shifa Pharmaceuticals Company PHARMACARE’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 1,746,987 USD, compared with a net profit after tax of 2,117,685 USD in the audited data for 2013, a net decrease of 17.5%. Total assets of the company reached 41,180,076 USD as of December 31st , 2014, compared to total assets of 37,457,589 USD as of December 31st, 2013, a net increase of 9.9%. Total liabilities of the company reached 19,057,106 USD as of December 31st, 2014, compared to total liabilities of 17,137,298 USD as of December 31st, 2013, a net increase of 11.2%. Net ownership equity of the company reached 22,122,970 USD as of December 31st , 2014, compared with a net ownership equity of 20,320,291 USD as of December 31st , 2013, a net increase of 8.9%.