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PALAQAR reports net income of JD0.13 million in 9M 2017

2017-10-23

According to the financial statements of Palaqar for Real Estate Development and Management PALAQAR for the first nine months of 2017, Net profit after tax of the period reached 135,535 JD Compared with Net profit after tax 266,719 JD for 2016, a net decrease in profit of 49.18%.Total assets of the company reached 3,534,339 JD compared with total assets of 3,277,633 JD at the end of year 2016, a net increase of 7.83%.Total liabilities of the company reached 1,824,400 JD compared with total liabilities of 1,703,229 JD at the end of year 2016, a net increase of 7.11%. Net ownership equity of the company reached 1,709,939 JD compared with total owner equity of 1,574,404 JD at the end of year 2016, a net increase of 8.61%.