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ARE posts net income of JD0.12 million in Q1 2016

2016-04-21

According to the financial statements of the Arab Real Estate Establishment Company ARE for Q1 2016, Net profit after tax of the period reached 125,067 JD Compared with Net profit after tax 24,575 JD for 2015, a net increase in profit of 408.92%. Total assets of the company reached 706,305 JD compared with total assets of 901,208 JD at the end of year 2015, a net decrease of 21.63%.Total liabilities of the company reached 232,537 JD compared with total liabilities of 404,759 JD at the end of year 2015, a net decrease of 42.54%. Net ownership equity of the company reached 473,768 JD compared with total owner equity of 496,449 JD at the end of year 2015, a net decrease of 4.57%.