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PALAQAR reports net income of JD0.025 million in Q1 2017

2017-05-02

According to the financial statements of Palaqar For Real Estate Development and Management PALAQAR for Q1 2017, Net profit after tax of the period reached 25,427 JD Compared with Net profit after tax 128,633 JD for 2016, a net decrease in profit of 80.23%.Total assets of the company reached 3,112,309 JD compared with total assets of 3,277,633 JD at the end of year 2016, a net decrease of 5.04%.Total liabilities of the company reached 1,512,478 JD compared with total liabilities of 1,703,229 JD at the end of year 2016, a net decrease of 11.19%. Net ownership equity of the company reached 1,599,831 JD compared with total owner equity of 1,574,404 JD at the end of year 2016, a net increase of 1.62%.