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JREI realizes net loss of $0.53 million in H1 2016

2016-08-25

According to the financial statements of Jerusalem Real Estate Investment Company JREI for the first half of 2016, Net Loss after tax of the period reached (534,286) USD Compared with Net Loss after tax (603,509) USD for 2015, a net decrease in loss of 11.47%.Total assets of the company reached 12,264,299 USD compared with total assets of 13,720,422 USD at the end of year 2015, a net decrease of 10.61%.Total liabilities of the company reached 4,130,358 USD compared with total liabilities of 5,164,212 USD at the end of year 2015, a net decrease of 20.01%. Net ownership equity of the company reached 8,133,941 USD compared with total owner equity of 8,556,210 USD at the end of year 2015, a net decrease of 4.94%.