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ELECTRODE posts net income of JD0.05 million in 9M 2017

2017-11-01

According to the financial statements of Al Shark Electrode for the first nine months of 2017, Net profit after tax of the period reached 51,717 JD Compared with Net profit after tax 97,042 JD for 2016, a net decrease in profit of 46.71%.Total assets of the company reached 3,336,176 JD compared with total assets of 3,316,275 JD at the end of year 2016, a net increase of 0.60%.Total liabilities of the company reached 384,406 JD compared with total liabilities of 332,360 JD at the end of year 2016, a net increase of 15.65%. Net ownership equity of the company reached 2,951,770 JD compared with total owner equity of 2,983,915 JD at the end of year 2016, a net decrease of 1.08%.