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ARE realizes net loss of JD0.01 million in H1 2015

2015-08-16

According to the Arab Real Estate Establishment Company ARE’s financial statements for the first half of 2015, Net Loss after tax of the period reached (12,214) JD Compared with Net Loss after tax (119,172) JD for 2014, a net decrease in loss of 89.75%.Total assets of the company reached 1,353,544 JD compared with total assets of 2,438,121 JD at the end of year 2014, a net decrease of 44.48%.Total liabilities of the company reached 843,170 JD compared with total liabilities of 1,900,745 JD at the end of year 2014, a net decrease of 55.64%. Net ownership equity of the company reached 510,374 JD compared with total owner equity of 537,376 JD at the end of year 2014, a net decrease of 5.02%.