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JREI realizes net loss of $0.94 million at the end of 2016

2017-02-19

According to the financial statements of Jerusalem Real Estate Investment Company JREI for the year 2016, Net Loss after tax of the period reached (944,285) USD Compared with Net Loss after tax (877,558) USD for 2015, a net increase in loss of 7.60%.Total assets of the company reached 11,257,134 USD compared with total assets of 13,720,422 USD at the end of year 2015, a net decrease of 17.95%.Total liabilities of the company reached 3,559,558 USD compared with total liabilities of 5,164,212 USD at the end of year 2015, a net decrease of 31.07%. Net ownership equity of the company reached 7,697,576 USD compared with total owner equity of 8,556,210 USD at the end of year 2015, a net decrease of 10.04%.