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GMC posts net income of JD1.78 million at the end of 2017

2018-02-15

According to the financial statements of Golden Wheat Mills GMC for the year 2017, Net profit after tax of the period reached 1,478,724 JD Compared with Net profit after tax 27,854 JD for 2016, a net increase in profit of 5208.84%.Total assets of the company reached 22,209,963 JD compared with total assets of 20,507,428 JD at the end of year 2016, a net increase of 8.30%.Total liabilities of the company reached 6,172,617 JD compared with total liabilities of 5,913,383 JD at the end of year 2016, a net increase of 4.38%. Net ownership equity of the company reached 16,037,346 JD (Including Non-Controlling Interests of -24,500 JD) compared with total owner equity of 14,594,045 JD (Including Non-Controlling Interests of -24,500 JD) at the end of year 2016, a net increase of 9.89%.