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ARE reports net income of JD0.06 million in 9M 2016

2016-10-31

According to the financial statements of the Arab Real Estate Establishment Company ARE for the first nine months of 2016, Net profit after tax of the period reached 63,006 JD Compared with Net Loss after tax (35,951) JD for 2015.Total assets of the company reached 662,134 JD compared with total assets of 901,208 JD at the end of year 2015, a net decrease of 26.53%.Total liabilities of the company reached 250,256 JD compared with total liabilities of 404,759 JD at the end of year 2015, a net decrease of 38.17%. Net ownership equity of the company reached 411,878 JD compared with total owner equity of 496,449 JD at the end of year 2015, a net decrease of 17.04%.