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PALAQAR posts net income of JD0.10 million at the end of 2016

2017-02-15

According to the financial statements of Palaqar for Real Estate Investment Company PALAQAR for the year 2016, Net profit after tax of the period reached 100,865 JD Compared with Net Loss after tax (240,969) JD for 2015.Total assets of the company reached 3,277,633 JD compared with total assets of 2,838,957 JD at the end of year 2015, a net increase of 15.45%.Total liabilities of the company reached 1,703,229 JD compared with total liabilities of 1,365,418 JD at the end of year 2015, a net increase of 24.74%. Net ownership equity of the company reached 1,574,404 JD compared with total owner equity of 1,473,539 JD at the end of year 2015, a net increase of 6.85%.