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ELECTRODE reports net income of JD0.009 million in Q1 2019

2019-04-30

According to the financial statements of Al-Shark Electrode Company ELECTRODE for the 1st Quarter of 2019, Net profit after tax of the period reached 8,767 JD Compared with Net profit after tax 34,652 JD for 2018, a net decrease in profit of 74.70%.Total assets of the company reached 3,223,844 JD compared with total assets of 3,271,410 JD at the end of year 2018, a net decrease of 1.45%.Total liabilities of the company reached 267,126 JD compared with total liabilities of 298,847 JD at the end of year 2018, a net decrease of 10.61%. Net ownership equity of the company reached 2,956,718 JD compared with total owner equity of 2,972,563 JD at the end of year 2018, a net decrease of 0.53%.