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VOIC records net income of JD1.07 million for Q1 2017


According to the financial statements of the Vegetable Oil Industries Company VOIC for the 1st Quarter of 2017, Net profit after tax of the period reached 1,074,715 JD Compared with Net profit after tax 950,007 JD for 2016, a net increase in profit of 13.13%. Total assets of the company reached 42,944,602 JD compared with total assets of 27,974,241 JD at the end of year 2016, a net increase of 53.51%.Total liabilities of the company reached 15,521,665 JD compared with total liabilities of 1,624,553 JD at the end of year 2016, a net increase of 855.44%. Net ownership equity of the company reached 27,422,937 JD compared with total owner equity of 26,349,688 JD at the end of year 2016, a net increase of 4.07%.


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