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ARE records net income of JD0.02 million in Q1 2015

2015-04-30

According to Arab Real Estate Establishment Company ARAB’s data for the first three months of the year, net profit after taxes reached 24,575 JOD, compared with a net loss of (65,523) JOD from the first three months of 2014. Total assets of the company reached 2,521,755 JOD as of March 31st, 2015, compared to total assets of 2,438,121 JOD as of December 31st, 2014, a net increase of 3.4%. Total liabilities of the company reached 1,974,536 JOD as of March 31st, 2015, compared to total liabilities of 1,900,745 JOD as of December 31st, 2014, a net increase of 3.9%. Net ownership equity of the company reached 547,219 JOD as of March 31st, 2015, compared with a net ownership equity of 537,376 JOD as of December 31st, 2014, a net increase of 1.8% in the first three months.