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ELECTRODE records net income of JD0.04 million in Q1 2015

2015-04-29

According to Al-Shark Electrode ELECTRODE’s data for the first three months of the year, net profit before taxes reached 38,379 JOD, compared with a net profit before taxes of 34,108 JOD from the first three months of 2014, a net increase of 12.5%. Total assets of the company reached 3,314,519 JOD as of March 31^st, 2015, compared to total assets of 3,302,203 JOD as of December 31^st, 2014, a net increase of 0.4%. Total liabilities of the company reached 191,462 JOD as of March 31^st, 2015, compared to total liabilities of 210,653 JOD as of December 31^st, 2014, a net decrease of 9.1%. Net ownership equity of the company reached 3,123,057 JOD as of March 31^st, 2015, compared with a net ownership equity of 3,091,550 JOD as of December 31^st, 2014, a net increase of 1.0% in the first three months.