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GMC posts net income of JD0.05 million in 9M 2016

2016-10-31

According to the financial statements of the Golden Wheat Mills GMC for the first nine months of 2016, Net profit after tax of the period reached 51,460 JD Compared with Net Loss after tax (416,515) JD for 2015.Total assets of the company reached 21,577,340 JD compared with total assets of 20,041,014 JD at the end of year 2015, a net increase of 7.67%.Total liabilities of the company reached 6,947,290 JD compared with total liabilities of 5,424,344 JD at the end of year 2015, a net increase of 28.07%. Net ownership equity of the company reached 14,630,050 JD (Including Non-Controlling Interests of -24,500 JD) compared with total owner equity of 14,616,670 JD (Including Non-Controlling Interests of -24,500 JD) at the end of year 2015, a net increase of 0.09%.