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ELECTRODE reports net income of JD0.09 million in 9M 2016

2016-10-31

According to the financial statements of Al-Shark Electrode Company ELECTRODE for the first nine months of 2016, Net profit after tax of the period reached 97,042 JD Compared with Net profit after tax 89,538 JD for 2015, a net increase in profit of 8.38%.Total assets of the company reached 3,440,047 JD compared with total assets of 3,316,731 JD at the end of year 2015, a net increase of 3.72%.Total liabilities of the company reached 348,786 JD compared with total liabilities of 243,408 JD at the end of year 2015, a net increase of 43.29%. Net ownership equity of the company reached 3,091,261 JD compared with total owner equity of 3,073,323 JD at the end of year 2015, a net increase of 0.58%.