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PALAQAR posts net income of JD0.27 million in 9M 2016

2016-10-31

According to the financial statements of Palaqar for Real Estate Development & Management Company PALAQAR for the first nine months of 2016, Net profit after tax of the period reached 266,719 JD Compared with Net Loss after tax (80,560) JD for 2015.Total assets of the company reached 3,422,656 JD compared with total assets of 2,838,957 JD at the end of year 2015, a net increase of 20.56%.Total liabilities of the company reached 1,682,398 JD compared with total liabilities of 1,365,418 JD at the end of year 2015, a net increase of 23.21%. Net ownership equity of the company reached 1,740,258 JD compared with total owner equity of 1,473,539 JD at the end of year 2015, a net increase of 18.10%.