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APC records net income of JD0.17 million in Q1 2018

2018-04-16

According to the financial statements of Arab Company for Paints Products APC for the first Quarter of 2018, Net profit after tax of the period reached 167,849 JD Compared with Net profit after tax 327,916 JD for 2017, a net decrease in profit of 48.81%.Total assets of the company reached 6,246,828 JD compared with total assets of 6,398,498 JD at the end of year 2017, a net decrease of 2.37%.Total liabilities of the company reached 2,326,271 JD compared with total liabilities of 1,862,796 JD at the end of year 2017, a net increase of 24.88%. Net ownership equity of the company reached 3,920,557 JD compared with total owner equity of 4,535,702 JD at the end of year 2017, a net decrease of 13.56%.