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PALAQAR posts net income of JD0.20 million in H1 2016

2016-08-21

According to the financial statements of Palaqar for Real Estate Development & Management PALAQAR for the first half of 2016, Net profit after tax of the period reached 200,138 JD Compared with Net Loss after tax (97,578) JD for 2015.Total assets of the company reached 3,608,218 JD compared with total assets of 2,838,957 JD at the end of year 2015, a net increase of 27.10%.Total liabilities of the company reached 1,934,541 JD compared with total liabilities of 1,365,418 JD at the end of year 2015, a net increase of 41.68%. Net ownership equity of the company reached 1,673,677 JD compared with total owner equity of 1,473,539 JD at the end of year 2015, a net increase of 13.58%.