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PALAQAR posts net income of JD0.13 million in Q1 2016

2016-04-25

According to the financial statements of Palaqar Real Estate Development and Management PALAQAR for Q1 2016, Net profit after tax of the period reached 128,633 JD Compared with Net profit after tax 979 JD for 2015, a net increase in profit of 13039.22%.Total assets of the company reached 3,009,931 JD compared with total assets of 2,838,957 JD at the end of year 2015, a net increase of 6.02%.Total liabilities of the company reached 1,407,759 JD compared with total liabilities of 1,365,418 JD at the end of year 2015, a net increase of 3.10%. Net ownership equity of the company reached 1,602,172 JD compared with total owner equity of 1,473,539 JD at the end of year 2015, a net increase of 8.73%.