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APC posts net income of JD0.32 in Q1 2016

2016-04-20

According to the financial statements of the Arab Company for Paints Products APC for Q1 2016, Net profit after tax of the period reached 318,788 JD Compared with Net profit after tax 116,545 JD for 2015, a net increase in profit of 173.53%.Total assets of the company reached 4,728,032 JD compared with total assets of 4,859,689 JD at the end of year 2015, a net decrease of 2.71%.Total liabilities of the company reached 1,765,714 JD compared with total liabilities of 1,512,852 JD at the end of year 2015, a net increase of 16.71%. Net ownership equity of the company reached 2,962,318 JD compared with total owner equity of 3,346,837 JD at the end of year 2015, a net decrease of 11.49%.