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VOIC reports net income of JD1.76 million in Q1 2018

2018-04-22

According to financial statements of the Vegetable Oil Industries VOIC for the first Quarter of 2018, Net profit after tax of the period reached 1,763,975 JD Compared with Net profit after tax 1,074,715 JD for 2017, a net increase in profit of 64.13%.Total assets of the company reached 50,766,580 JD compared with total assets of 46,194,643 JD at the end of year 2017, a net increase of 9.90%.Total liabilities of the company reached 15,334,642 JD compared with total liabilities of 15,471,911 JD at the end of year 2017, a net decrease of 0.88%. Net ownership equity of the company reached 35,431,938 JD compared with total owner equity of 30,722,732 JD at the end of year 2017, a net increase of 15.33%.