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PALAQAR realizes net loss of JD0.002 million in Q1 2015

2015-05-25

According to PALAQAR for Real Estate Development & Management Company PALAQAR’s data for the first three months of the year, net loss reached (2,551) JOD, compared with a net profit after taxes of 38,629 JOD from the first three months of 2014. Total assets of the company reached 3,088,868 JOD as of March 31^st, 2015, compared to total assets of 3,088,868 JOD as of December 31^st, 2014, a net increase of 4.8%. Total liabilities of the company reached 1,376,911 JOD as of March 31^st, 2015, compared to total liabilities of 1,233,668 JOD as of December 31^st, 2014, a net increase of 11.6%. Net ownership equity of the company reached 1,711,957 JOD as of March 31^st, 2015, compared with a net ownership equity of 1,714,508 JOD as of December 31^st, 2014, a net decrease of 0.1% in the first three months. PALAQAR failed to disclose its first quarter financials within the statutory period ended on 30 April 2015.