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ELECTRODE posts net income of JD0.07 million in H1 2015

2015-08-19

According to Al-Shark Electrode Company ELECTRODE’s data for the first six months of the year, net profit after taxes reached 69,141 JOD, compared with a net profit after taxes of 54,101 JOD from the first six months of 2014, a net increase of 27.8%. Total assets of the company reached 3,319,603 JOD as of June 30^th, 2015, compared to total assets of 3,302,203 JOD as of December 31^st, 2014, a net increase of 0.5%. Total liabilities of the company reached 238,455 JOD as of June 30^th, 2015, compared to total liabilities of 210,653 JOD as of December 31^st, 2014, a net increase of 13.2%. Net ownership equity of the company reached 3,081,148 JOD as of June 30^th, 2015, compared with net ownership equity of 3,091,550 JOD as of December 31^st, 2014, a net decrease of 0.3% in the last six months.