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AHC realizes net loss of JD0.42 million in Q1 2016

2016-05-03

According to The Arab hotels financial statements for 1st Quarter of 2016, Net Loss after tax of the period reached (422,977) JD Compared with Net Loss after tax (337,227) JD for 2015, a net increase in loss of 25.43%.Total assets of the company reached 29,839,884 JD compared with total assets of 30,143,608 JD at the end of year 2015, a net decrease of 1.01%.Total liabilities of the company reached 13,059,524 JD compared with total liabilities of 12,940,271 JD at the end of year 2015, a net increase of 0.92%. Net ownership equity of the company reached 16,780,360 JD compared with total owner equity of 17,203,337 JD at the end of year 2015, a net decrease of 2.46%.