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ELECTRODE posts net income of JD0.04 million in Q1 2016

2016-04-27

According to the financial statements of Al-Shark Electrode Company ELECTRODE for Q1 2016, Net profit after tax of the period reached 39,913 JD Compared with Net profit after tax 38,387 JD for 2015, a net increase in profit of 3.98%.Total assets of the company reached 3,393,931 JD compared with total assets of 3,316,731 JD at the end of year 2015, a net increase of 2.33%.Total liabilities of the company reached 288,651 JD compared with total liabilities of 243,408 JD at the end of year 2015, a net increase of 18.58%. Net ownership equity of the company reached 3,105,280 JD compared with total owner equity of 3,073,323 JD at the end of year 2015, a net increase of 1.04%.