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VOIC posts net income of JD6.83 million at the end of 2017

2018-02-12

According to the financial statements of The Vegetable Oil Industries VOIC for the year 2017, Net profit after tax of the period reached 6,832,655 JD Compared with Net profit after tax 5,609,250 JD for 2016, a net increase in profit of 21.81%.Total assets of the company reached 44,523,639 JD compared with total assets of 27,974,241 JD at the end of year 2016, a net increase of 59.16%.Total liabilities of the company reached 15,461,489 JD compared with total liabilities of 1,624,553 JD at the end of year 2016, a net increase of 851.73%. Net ownership equity of the company reached 29,062,150 JD compared with total owner equity of 26,349,688 JD at the end of year 2016, a net increase of 10.29%.