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PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15

According to the financial statements of Palaqar for Real Estate Development and Management PALAQAR for the year 2017, Net profit after tax of the period reached 106,788 JD Compared with Net profit after tax 100,865 JD for 2016, a net increase in profit of 5.87%.Total assets of the company reached 3,904,105 JD compared with total assets of 3,277,633 JD at the end of year 2016, a net increase of 19.11%.Total liabilities of the company reached 2,222,913 JD compared with total liabilities of 1,703,229 JD at the end of year 2016, a net increase of 30.51%. Net ownership equity of the company reached 1,681,192 JD compared with total owner equity of 1,574,404 JD at the end of year 2016, a net increase of 6.78%.