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ARE realizes net loss of JD0.06 million in 2015

2016-02-15

According to the financial statements of the Arab Real Estate Establishment Company ARE for the year 2015, Net Loss after tax of the period reached (58,825) JD Compared with Net Loss after tax (160,329) JD for 2014, a net decrease in loss of 63.31%.Total assets of the company reached 809,810 JD compared with total assets of 2,438,121 JD at the end of year 2014, a net decrease of 66.79%.Total liabilities of the company reached 404,759 JD compared with total liabilities of 1,900,745 JD at the end of year 2014, a net decrease of 78.70%. Net ownership equity of the company reached 405,051 JD compared with total owner equity of 537,376 JD at the end of year 2014, a net decrease of 24.62%.