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LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Plastic Industries LADAEN for Q1 2017, Net Loss after tax of the period reached (31,216) JD Compared with Net profit after tax 7,065 JD for 2016.Total assets of the company reached 1,200,307 JD compared with total assets of 1,214,468 JD at the end of year 2016, a net decrease of 1.17%.Total liabilities of the company reached 657,336 JD compared with total liabilities of 640,281 JD at the end of year 2016, a net increase of 2.66%. Net ownership equity of the company reached 542,971 JD compared with total owner equity of 574,187 JD at the end of year 2016, a net decrease of 5.44%.Noting that paid-in capital decreased from 7,000,000 JD in year 2016 to 700,000 JD of this year, a net decrease of 90.00%.