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ARAB posts net income of JD0.07 million at the end of 2016

2017-02-19

According to the financial statements of the Arab Investors Company ARAB for the year 2016, Net profit after tax of the period reached 70,754 JD Compared with Net Loss after tax (240,412) JD for 2015.Total assets of the company reached 10,357,904 JD compared with total assets of 10,333,392 JD at the end of year 2015, a net increase of 0.24%.Total liabilities of the company reached 204,801 JD compared with total liabilities of 217,369 JD at the end of year 2015, a net decrease of 5.78%. Net ownership equity of the company reached 10,153,103 JD compared with total owner equity of 10,116,023 JD at the end of year 2015, a net increase of 0.37%.