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LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-16

According to the financial statements of Palestine Plastic Industries LADAEN for the first half of 2017, Net Loss after tax of the period reached (50,800) JD Compared with Net Loss after tax (38,385) JD for 2016, a net increase in loss of 32.34%.Total assets of the company reached 1,181,741 JD compared with total assets of 1,214,468 JD at the end of year 2016, a net decrease of 2.69%.Total liabilities of the company reached 658,354 JD compared with total liabilities of 640,281 JD at the end of year 2016, a net increase of 2.82%. Net ownership equity of the company reached 523,387 JD compared with total owner equity of 574,187 JD at the end of year 2016, a net decrease of 8.85%.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%.