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JREI realizes net loss of $0.30 million in Q1 2016

2016-04-27

According to the financial statements of Jerusalem Real Estate Investment Company JREI for Q1 2016, Net Loss after tax of the period reached (292,151) USD Compared with Net Loss after tax (423,984) USD for 2015, a net decrease in loss of 31.09%.Total assets of the company reached 12,989,408 USD compared with total assets of 13,720,422 USD at the end of year 2015, a net decrease of 5.33%.Total liabilities of the company reached 4,661,501 USD compared with total liabilities of 5,164,212 USD at the end of year 2015, a net decrease of 9.73%. Net ownership equity of the company reached 8,327,907 USD compared with total owner equity of 8,556,210 USD at the end of year 2015, a net decrease of 2.67%.