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JREI realizes net loss of $0.79 million in 9M 2016

2016-10-31

According to the financial statements of Jerusalem Real Estate Investment Company JREI for the first nine months of 2016, Net Loss after tax of the period reached (787,006) USD Compared with Net Loss after tax (727,323) USD for 2015, a net increase in loss of 8.21%.Total assets of the company reached 11,586,322 USD compared with total assets of 13,720,422 USD at the end of year 2015, a net decrease of 15.55%.Total liabilities of the company reached 3,731,313 USD compared with total liabilities of 5,164,212 USD at the end of year 2015, a net decrease of 27.74%. Net ownership equity of the company reached 7,855,009 USD compared with total owner equity of 8,556,210 USD at the end of year 2015, a net decrease of 8.20%.