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ELECTRODE posts net income of JD0.09 million at the of 2016

2017-02-21

According to the financial statements of Al-Shark Electrode Company ELECTRODE for the year 2016, Net profit after tax of the period reached 93,737 JD Compared with Net profit after tax 90,592 JD for 2015, a net increase in profit of 3.47%.Total assets of the company reached 3,347,951 JD compared with total assets of 3,316,731 JD at the end of year 2015, a net increase of 0.94%.Total liabilities of the company reached 343,502 JD compared with total liabilities of 243,408 JD at the end of year 2015, a net increase of 41.12%. Net ownership equity of the company reached 3,004,449 JD compared with total owner equity of 3,073,323 JD at the end of year 2015, a net decrease of 2.24%.