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PALAQAR records net income of JD 0.06 million in H1 2018

2018-08-28

According to the financial statements of Palaqar For Real Estate Development and Management PALAQAR for the first half of 2018, Net profit after tax of the period reached 59,100 JD Compared with Net profit after tax 68,065 JD for 2017, a net decrease in profit of 13.17%.Total assets of the company reached 4,139,582 JD compared with total assets of 3,887,905 JD at the end of year 2017, a net increase of 6.47%.Total liabilities of the company reached 2,459,098 JD compared with total liabilities of 2,222,913 JD at the end of year 2017, a net increase of 10.62%. Net ownership equity of the company reached 1,680,484 JD compared with total owner equity of 1,664,992 JD at the end of year 2017, a net increase of 0.93%.