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PHARMACARE records net income of $2.32 million in 9M 2016

2016-11-01

According to the financial statements of Dar Al-shifa Pharmaceuticals Company PHARMACARE for the first nine months of the year, net profit after taxes reached 2,316,366 USD, compared with a net profit after taxes of 2,695,863 USD from the first nine months of 2016, a net decrease of 14.1%.. Total assets of the company reached 50,831,922 USD as of September 30^th, 2016, compared to total assets of 45,615,682 USD as of December 31^st, 2015, a net increase of 11.4%. Total liabilities of the company reached 24,356,645 USD as of September 30^th, 2016, compared to total liabilities of 21,072,784 USD as of December 31^st, 2015, a net increase of 15.6%. Net ownership equity of the company reached 26,475,277 USD as of September 30^th, 2016, compared with a net ownership equity of 24,542,898 USD as of December 31^st, 2015, a net increase of 7.9% in the first nine months.