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PRICO realizes net loss of JD0.95 million in 9M 2016

2016-10-31

According to the financial statements of Palestine Real Estate Investment Company PRICO for the first nine months of 2016, Net Loss after tax of the period reached (951,787) JD Compared with Net profit after tax 1,895,555 JD for 2015.Total assets of the company reached 119,990,109 JD compared with total assets of 122,165,288 JD at the end of year 2015, a net decrease of 1.78%.Total liabilities of the company reached 45,856,435 JD compared with total liabilities of 43,922,085 JD at the end of year 2015, a net increase of 4.40%. Net ownership equity of the company reached 74,133,674 JD (Including Non-Controlling Interests of 2,144,237 JD) compared with total owner equity of 78,243,203 JD (Including Non-Controlling Interests of 2,172,028 JD) at the end of year 2015, a net decrease of 5.25%.